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Below is a list of three popular names that may have more upside, according to big money managers. These companies are rallying above their 20-day, 50-day, and 200-day moving averages. They have also seen net buying from institutions over the current quarter.

Despite all of this attention, they still appear undervalued relative to PEG (PEG < 1).

Do you think these stocks have further to go? Use this list as a starting-off point for your own analysis.

List sorted by net institutional shares purchased over the current quarter, expressed as a percent of share float.

1. Global Indemnity plc (NASDAQ:GBLI): Property & Casualty Insurance Industry. Market cap of $736.23M. PEG at 0.87. The stock is currently 5.93% above its 20-day moving average, 8.58% above its 50-day MA, and 25.43% above its 200-day MA. Net institutional shares purchased over the current quarter at 1.7M, which is 14.71% of the company's 11.56M share float. The stock has had a good month, gaining 10.38%.

2. Spreadtrum Communications Inc. (NASDAQ:SPRD): Semiconductor Industry. Market cap of $1.02B. PEG at 0.98. The stock is currently 0.62% above its 20-day moving average, 4.17% above its 50-day MA, and 26.28% above its 200-day MA. Net institutional shares purchased over the current quarter at 1.9M, which is 5.52% of the company's 34.45M share float. The stock has gained 158.05% over the last year.

3. Helen of Troy Limited (NASDAQ:HELE): Appliances Industry. Market cap of $1.02B. PEG at 0.93. The stock is currently 8.60% above its 20-day moving average, 13.42% above its 50-day MA, and 22.36% above its 200-day MA. Net institutional shares purchased over the current quarter at 979.4K, which is 3.63% of the company's 26.99M share float. The stock has had a couple of great days, gaining 12.2% over the last week.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 3 Undervalued, Rallying Stocks Being Chased by Institutional Money