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All of these companies have recently reported substantial insider buying. The fact that insiders are buying these names could be a good sign that there is still significant upside potential in these shares. Some of these stocks like Dominion Resources (NYSE:D) and American Superconductor (NASDAQ:AMSC) have fallen recently, and the big sell off in those names could be great buying opportunities. I have provided links for each stock which verifies the insider buying filed with the SEC below. Here are the seven stocks:

American Superconductor (AMSC) is trading at $24.04. American Superconductor is a maker of wind turbines and other energy technology products. These shares have a 52 week range of $21.70 and $38.88. The 50 day moving average is $26.63 and the 200 day moving average is $29.89, so the shares are trading well below these key support levels. (The stock could drop further) Earnings estimates for AMSC are about $1.33 per share in 2011 and $1.26 for 2012 Book value is stated at $9.86 per share. You can see the repeated insider buying here.

What American Superconductor insiders and other investors might be seeing: The balance sheet is strong with basically no debt and plenty of cash. When an insider buys millions of dollars worth of AMSC stock in just a few days, there must be some positive trends developing for this business. (Insider buying shown in the link above.) These shares have been drifting lower since February, and then dropped even more when AMSC announced they would be acquiring a Finnish company called "The Switch Engineering" for about $265 million. You can read more about that deal here.

Oasis Petroleum (NYSE:OAS) is trading around $29.84. Oasis is an oil and gas company, based in Texas. These shares have traded in a range between $13.88 to $36.15 in the last 52 weeks. The 50 day moving average is $31.30. OAS is estimated to earn about $1.03 per share in 2011 and $1.64 in 2012. You can see the insider buying here.

What Oasis insiders and other investors might be seeing: With oil up about 25% in the last few weeks, it could be that insiders believe earnings estimates are too low. Also, Oasis is a direct play on the oil rich reserves in the Bakken Range. Here is an article that calls Oasis the "purest Bakken play."

CenterPoint Energy (NYSE:CNP) is trading around $17.25. CenterPoint is a public utility company and it is based in Texas. These shares have traded in a range between $5.67 to $17.45 in the last 52 weeks. The 50 day moving average is $16 and the 200 day moving average is $15.16. CNP is estimated to earn about $1.13 per share in 2011 and $1.20 in 2012. You can see the insider buying here.

What CenterPoint insiders and other investors might be seeing: The company recently announced a court decision which may entitle them to recover approximately $922 million plus interest. You can read more about that here.

ChinaCast Education (OTCPK:CAST) is trading around $6.45. ChinaCast is a educational services company, and is based in Hong Kong. These shares have traded in a range between $5.26 to $8.55 in the last 52 weeks. The 50 day moving average is $6.73 and the 200 day moving average is $6.92. CAST is estimated to earn about 61 cents per share in 2011 and 70 cents for 2012. You can see the insider buying here.

What ChinaCast insiders and other investors might be seeing: The book value is stated at $5.37 and the company has a strong balance sheet. The company just announced a $50 million stock repurchase plan which you can read about here. You can also read the most recent earnings report here.

Unifi, Inc. (NYSE:UFI) is trading around $16.16. Unifi is a maker of polyester and nylon yarns, and is based in North Carolina. These shares have traded in a range between $9.90 to $19.87 in the last 52 weeks. The 50 day moving average is $17.41 and the 200 day moving average is $14.59. You can see the insider buying here.

What Unifi insiders and other investors might be seeing: The book value is stated at $14.49 so it's not trading for much of a premium to book value, but other than that, I really don't see any strong reason for insiders to be buying as the earnings power of this company looks weak to me.

Fushi Copperweld (NASDAQ:FSIN) is trading around $8.83. Fushi manufactures and markets metallic wire products and is based in China. These shares have traded in a range between $6.70 to $12.94 in the last 52 weeks. The 50 day moving average is $9.41 and the 200 day moving average is $9.04. FSIN is estimated to earn about $1.29 per share in 2011 and $1.20 in 2012. You can see the insider buying here.

What Fushi insiders and other investors might be seeing: FSIN stock recently dropped. With shares about 40% off of the 52 week highs, this sell off could be a buying opportunity as the insider buying indicates. Also, the balance sheet looks strong and Yahoo Finance reports about $117 million in cash at FSIN and a book value of $9.14 per share. The shares look cheap, but with so many investors sour on Chinese stocks, they might stay cheap.

Dominion Resources (D) is trading around $44.23. Dominion is a utility company, based in Virginia. These shares have traded in a range between $38.05 to $46.56 in the last 52 weeks. The 50 day moving average is $43.95 and the 200 day moving average is $42.38. You can see the insider buying here.

What Dominion insiders and other investors might be seeing: The dividend payout is $1.97 per share which is equivalent to a 4.4% yield. This utility employs a variety of power sources which includes nuclear. With all the concern on the future of nuclear power in the wake of Japan's ongoing crisis, some investors have been selling, but insiders seem confident any impact will not be material for Dominion.

The data is sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes.

Source: 7 Big New Insider Buys