Always pay close attention to insider buying.

Especially after a rock-solid stock has been taken down too far, too fast.

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Look at Devon Energy (DVN), for example. After posting less than impressive earnings, DVN gapped from about $64 to $52.45.  While it has since recovered some ground, it’s still incredibly oversold, and could refill that bearish gap.  Helping, DVN President and CEO Richard E. Muncrief paid $532,800 for 10,000 shares at an average price of $53.28 a share. On Feb. 22, he would buy another 5,000 shares for $265,000 for about $53 a share.

After all, no one knows their company better than an insider.


Ian Cooper