Another stock in the energy complex that key insiders have been scooping up is Continental Resources ( CLR), an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the U.S. This stock has been trending lower so far this year, with shares off by just over 10%. Continental has a market cap of $9.43 billion and an enterprise value of $9.98 billion. The stock trades at a reasonable forward valuation, with a trailing price-to-earnings ratio of 95 and a forward price-to-earnings of 15.8. Continental's estimated growth rate for this year is 46.2%, and for next year it's pegged at 30.8%. This is not a cash-rich company -- its total cash position is $261.41 million, and its total debt is $896.14 million. The CEO and chairman of the board just bought 100,000 shares, or about $5.1 million worth of stock, at $50.85 to $52.40 per share. From a technical standpoint, this stock is currently trading below both its 50-day and 200-day moving averages, which is bearish. The stock was recently hammered lower from its July highs of $71.77 a share to a recent low of $48.17 a share. Since that massive slide, the stock has been finding some big buying support at around $48 to $50 a share in the past two months. If you're looking to buy this stock, I would get long off any weakness that takes the stock closer to $52 to $50 a share. That would also be close to where my stop would be at just below $48 a share. You could also buy the next breakout above $53.50 a share that comes on above-average volume. I would add to any long position once this stock trades above $60.37 and then above its 200-day moving average of $62.32 a share on strong volume. Keep in mind that this is a heavily shorted stock with 13.1% of the tradable short currently sold short by the bears. The bears have also been increasing their bets from the last reporting period by 3.6%, or by about 187,000 shares. I like the odds of a large short squeeze in this stock off current levels since the buying support has shown up in spades in the last few months around $48 a share.