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If you're interested in momentum ideas, the following list might offer an interesting starting point.

Below is a list of six stocks that have seen net insider buying over the last six months. These stocks have also recently hit new 52-week highs.

With insiders behind these rallies, do you think they can continue higher?

Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.



List sorted by change in insider ownership over the last six months.

1. Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN):
Biotechnology Industry. Market cap of $370.19M. Net shares purchased by insiders over the last 6 months at 4,875,500, representing an increase of 11.70% in insider ownership. The stock has a relatively low correlation to the market (beta = 0.46), which may be appealing to risk-averse investors. The stock has had a good month, gaining 28.6%.

2. Six Flags Entertainment Corp. (NYSE:SIX): General Entertainment Industry. Market cap of $6.94B. Net shares purchased by insiders over the last 6 months at 125,000, representing an increase of 0.90% in insider ownership. Note that SIX is a risky stock that is significantly more volatile than the overall market (beta = 2.02). The stock has had a good month, gaining 16.58%.

3. EV Energy Partners LP (NASDAQ:EVEP): Oil & Gas Drilling & Exploration Industry. Market cap of $1.62B. Net shares purchased by insiders over the last 6 months at 10,000, representing an increase of 0.40% in insider ownership. EVEP is exhibiting strong upside momentum--currently trading 8.96% above its SMA20, 12.47% above its SMA50, and 33.2% above its SMA200. The stock has had a couple of great days, gaining 9.82% over the last week.

4. Mistras Group, Inc. (NYSE:MG): Technical Services Industry. Market cap of $452.69M. Net shares purchased by insiders over the last 6 months at 57,168, representing an increase of 0.40% in insider ownership. The stock has had a couple of great days, gaining 10.05% over the last week.

5. Travelzoo Inc. (NASDAQ:TZOO): Internet Information Providers Industry. Market cap of $820.86M. Net shares purchased by insiders over the last 6 months at 35,968, representing an increase of 0.30% in insider ownership. The stock is a short squeeze candidate, with a short float at 30.26% (equivalent to 5.05 days of average volume). The stock has had a couple of great days, gaining 10.8% over the last week.

6. Sunoco Inc. (NYSE:SUN):
Oil & Gas Refining & Marketing Industry. Market cap of $5.37B. Net shares purchased by insiders over the last 6 months at 12,500, representing an increase of 0.10% in insider ownership. Risk-averse investors may appreciate that SUN has a relatively low correlation to the market (beta = 0.55). The stock has gained 51.17% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 6 Stocks Being Bought by Insiders, Hitting New Highs