Another name that insiders are loading up in here is Pandora Media (P - Get Report). This company provides Internet radio services in the U.S. Pandora allows listeners to create up to 100 personalized stations to access unlimited hours of free music and comedy, as well as offers a paid subscription service to listeners. Insiders are buying this stock into some modest strength since shares are up over 6% so far in 2012.Pandora Media has a market cap of $1.75 billion and an enterprise value of $1.62 billion. This stock trades at a premium valuation, with a forward price-to-earnings of 212. Its estimated growth rate for this year is -450%, and for next year it's pegged at 145%. This is a cash-rich company, since the total cash position on its balance sheet is $80.59 million and its total debt is zero. A director just bought 45,000 shares, or $470,000 worth of stock, at $10.45 per share. From a technical perspective, P is currently trading above its 50-day moving average and below its 200-day moving average, which is natural trendwise. This stock has been uptrending for the last two months, with shares soaring from a low of $7.83 to a recent high of $12.30 a share. During that move, shares of P have been consistently making higher highs and higher lows, which is bullish technical price action. This move has now pushed the stock within range of triggering a near-term breakout trade. If you're in the bull camp on P, then I would look for long-biased trades once it triggers a near-term break out above its 200-day moving average of $11.62, and then above some resistance at $12.30 a share with high-volume. Look for volume on that move that's near or above its three-month average action of 3,606,560 shares. If we get that move, then P could easily re-test its March high of $15.25 a share. Keep in mind that this stock can also be bought off any weakness as long as it holds near its 50-day moving average of $9.57 a share. On the flipside, I would avoid P or look for short-biased trades if this stock fails to trigger that near-term breakout, and then drops back below its 50-day moving average of $9.57 with heavy volume.