One final stock in the capital goods complex whose insiders are snapping up shares is Flowserve ( FLS), a manufacturer and aftermarket service provider of flow control systems. Insiders are finding some value here since they are buying, with shares off by around 20% so far in 2011. Flowserve has a market cap of $5.27 billion and an enterprise value of $5.84 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 12.84 and forward price-to-earnings of 10.81. Flowserve's estimated growth rate for this year is 11.9%, and for next year it's pegged at 14%. This is far from a cash-rich company, since the total cash position on its balance sheet is $227.89 million and its total debt is $510.05 million. The CEO and president just bought 7,000 shares, or $639,463 worth of stock, at $91.35 per share. From a technical standpoint, this stock is currently trading above its 50-day moving average and below its 200-day moving average, which is natural trendwise. This stock just ran into some stiff resistance at around $100 a share and it now looks ready to drop back towards some previous support near $87 or at its 50-day moving average of $85.69. If you're bullish on this stock, I would hold off on buying it right here since it looks ready to downtrend back toward the 50-day. I would wait and see if it can find buying support near either $87 or $85.69, its 50-day moving average, before getting long. If the downtrend stops near those levels, then look to buy it with a tight mental stop just below the 50-day. If the 50-day doesn't hold, this stock will trend much lower, so key off that area to determine how low it could fall. The next significant support zones below the 50-day are at $79.50 and then $66.84 a share. To see more stocks with notable insider buying, including Gentiva Health Services ( GTIV), Navarre ( NAVR) and Colfax ( CFX), check out the Stocks With Big Insider Buying portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.