In the software and programming complex, insiders are snapping up shares of Responsys ( MKTG), a provider of on-demand software and professional services. Insiders are buying into some decent strength here since the stock is up 35% so far in 2012. Responsys has a market cap of $570 million and an enterprise value of $453 million. This stock trades at a premium valuation, with a trailing price-to-earnings of 96.94 and a forward price-to-earnings of 40.07. Its estimated growth rate for this year is -4.8%, and for next year it's pegged at 50%. This is a cash-rich company, since the total cash position on its balance sheet is $94.76 million and its total debt is just $2.03 million. A director just bought 25,000 shares, or $253,000 worth of stock, at $10.16 per share. From a technical perspective, MKTG is currently above both its 50-day and 200-day moving averages, which is bullish. This stock recently dropped from $12.78 to $9.69, but has since rebounded towards its current price of $12.02 a share. That sharp snapback now puts MKTG within range of triggering a near-term breakout trade. If you're bullish on MKTG, I would look for long biased trades as long as the stock is trending above its 200-day moving average of $11.99. I would also look for long biased trades once it breaks out above some near-term overhead resistance at $12.78 with volume. Look for volume on a move above that level that's near or well above its three-month average action of 371,500 shares. Make note that volume on Wednesday was over 1 million shares and the sock rose 4.3%. If we get that high-volume breakout over $12.78 soon, then look for MKTG to make a run at its next significant overhead resistance levels at $14 to $16 a share. To see more stocks with notable insider buying, including AutoNation ( AN), Teledyne Technologies ( TDY) and Lime Energy ( LIME), check out the Stocks With Big Insider Buying portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.