The market rally has carried stocks to a high level and extreme valuations. However, insiders and activist investors have been very quiet in recent weeks, as both tend to be bargain hunters.
There have been some exceptions, and they are worth further investigation as either long term additions to your portfolio or potential trading opportunities. Insiders may sell stocks for a variety of reasons, but they only have one reason to buy stock in the open market…
They think the stock is going higher. A lot higher.
This post originally appeared at Investors Alley.