Another name that insiders are snapping up a decent amount of stock in is industrial electrical equipment player Zoltek (ZOLT - Get Report). This company, through its subsidiaries, develops, manufactures and markets carbon fibers and technical fibers primarily in Europe, the U.S. and Asia. Insiders are loading up on this stock into some into some modest strength since shares are up over 12% so far in 2012.Zoltek has a market cap of $292 million and an enterprise value of $278 million. This stock trades at a cheap valuation, with a trailing price-to-earnings of 18.97 and a forward price-to-earnings of 12.69. Its estimated growth rate for the next quarter is 14.3%, and for this year it's pegged at 770%. This is not a cash-rich company, since the total cash position on its balance sheet is $9.85 million and its total debt is $10 million. The CEO and chairman of the board just bought 45,195 shares, or around $352,000 worth of stock, at $7.73 per share. From a technical perspective, ZOLT is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock has been under the control of the bears for the last four months, with shares plunging from a high of $15.01 to a recent low of $7.34 a share. During that move lower, shares of ZOLT have been consistently making lower highs and lower lows, which is bearish technical price action. That said, the stock has started to bounce the last few weeks and could be setting up to reverse that trend. If you're in the bull camp on ZOLT, I would look for long-biased trades if this stock can manage to trigger a break out above some near-term overhead resistance at $8.47, and then above its 200-day moving average of $8.89 a share with high-volume. Look for volume on that move that's near or above its three-month average action of 356,317 shares. If we get that move soon, then I would add to any long positions in ZOLT once it closes back above its 50-day moving average of $9.67 a share. I would simply avoid ZOLT or look for short-biased trades if it fails to trigger that breakout, and then drops below some near-term support at $7.89 to $7.34 a share with heavy volume. If those key support levels are taken out with volume, then ZOLT could trade back down toward its 52-week low of $5.60 a share.