I started by running a screen for insider accumulation, then sorting the results on beta (looking for higher volatility.) As you can imagine, this gave me hundreds of results. I took a look at all the results with a beta above 2.0, and found a lot of crap that wasn’t worth a second glance. I didn’t really care for minor scattered insider purchases – I wanted to see clear indications of greed. I also looked at the charts, looking for buy signals on the point and figure chart (or at least a lack of repeated sell signals.)
The result: Agilysys. It’s chart appears to be at multi-year support, and over the last year there’s been several million dollars of insider buying at the $6 – $7 levels by several different company officers and beneficial owners.
The position’s been added to my posted portfolio for your observation.
Disclosure: Long AGYS at time of writing.