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This list might offer an interesting starting point to momentum investors. The following four stocks are in rally mode, i.e. trading above their 20-day, 50-day and 200-day moving averages. These stocks are also undervalued, when looking at the Price to Earnings Growth (PEG) ratio.

Additionally, all of these names have experienced insider buying over the last six months.

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Insiders think these rallies will continue--what do you think? Full details below.

1. Everest Re Group Ltd. (NYSE:RE): Property & Casualty Insurance Industry. Market cap of $5.07B. PEG ratio at 0.85. The stock is currently trading 6.59% above its 20-day MA, 6.41% above its 50-day MA, and 11.52% above its 200-day MA. Net shares purchased by insiders over the last six months at 1,250,180 shares, which represents a 16.8% increase in insider ownership.

2. RLI Corp. (NYSE:RLI): Property & Casualty Insurance Industry. Market cap of $1.22B. PEG ratio at 0.88. The stock is currently trading 2.56% above its 20-day MA, 3.09% above its 50-day MA, and 13.22% above its 200-day MA. Net shares purchased by insiders over the last six months at 96,751 shares, which represents a 4.0% increase in insider ownership. The stock is a short squeeze candidate, with a short float at 7.7% (equivalent to 16.23 days of average volume). The stock has gained 15.94% over the last year.

3. Solar Capital Ltd. (NASDAQ:SLRC): Diversified Investments Industry. Market cap of $889.85M. PEG ratio at 0.95. The stock is currently trading 2.02% above its 20-day MA, 1.62% above its 50-day MA, and 12.45% above its 200-day MA. Net shares purchased by insiders over the last six months at 115,000 shares, which represents a 3.0% increase in insider ownership. The stock has gained 15.54% over the last year.

4. Shuffle Master Inc. (NASDAQ:SHFL): Diversified Machinery Industry. Market cap of $597.57M. PEG ratio at 0.98. The stock is currently trading 1.78% above its 20-day MA, 7.14% above its 50-day MA, and 13.01% above its 200-day MA. Net shares purchased by insiders over the last six months at 10,000 shares, which represents a 2.7% increase in insider ownership. The stock has had a good month, gaining 15.93%.

Source: Momentum Ideas: 4 Undervalued Stocks in Rally Mode Being Snapped Up by Insiders