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Another name that insiders are doing some big buying in is Sealy ( ZZ), which, together with its subsidiaries, engages in the manufacture and marketing of bedding products. Insiders are buying into some decent strength here since the stock is up 16% so far in 2012.

Sealy has a market cap of $201 million and an enterprise value of $873 million. This stock trades at a premium valuation, with a forward price-to-earnings of 25. Its estimated growth rate for this year is 133%, and for next year it's pegged at 300%. This not a cash-rich company, since the total cash position on its balance sheet is $107.97 million and its total debt is $791.88 million.

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A beneficial owner just bough 864,494 shares, or $1.5 million worth of stock, at $1.70 per share.

From a technical perspective, ZZ is currently trading above its 50-day and 200-day moving average, which is bullish. This stock flirted with a major breakout trade Wednesday when shares briefly traded above some major past overhead resistance at $2.02 to $2.15 a share on monster volume. Volume registered 2.57 million shares versus its three-month average volume of 403,365 shares. That said, the stock failed to close above those breakout levels, and it closed a bit off its daily high of $2.23 a share.

If you're bullish on ZZ, then I would look for long-biased trades off a sustained high-volume move and close above $2.02 to $2.15 a share. Look for volume on any move above those levels that's near or well above 403,365 shares. If we get that action soon, then look for ZZ to make a run at its next major overhead resistance levels at $2.78 to $3.11 a share.

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