A regional banking player that insiders are starting to sniff around in is U.S. Bancorp ( USB), which provides a range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. Insiders are buying this stock into some decent strength here, with shares up 17% so far in 2012. U.S. Bancorp has a market cap of $60 billion and an enterprise value of $109 billion. This stock trades at an extremely cheap valuation, with a trailing price-to-earnings of 12.14 and a forward price-to-earnings of 10.56. Its estimated growth rate for this year is 14.5%, and for next year it's pegged at 8.7%. This is far from a cash-rich company, since the total cash position on its balance sheet is $9.56 billion and its total debt is a whopping $57.85 billion. The vice president and general counsel just bought 8,000 shares, or $204,000 worth of stock, at $25.52 per share. It looks like this insider activity in USB was part of a private purchase of stock. From a technical perspective, USB is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been in a monster uptrend for the past six months, with shares soaring from a low of $23.47 to a recent high of $32.03. During that monster move, shares of USB have consistently made higher lows and higher highs, which is bullish technical price action. The stock also held its 50-day moving average for most of that move. If you're a bullish on USB, I would look for long-biased trades once this stock breaks out above some near-term overhead resistance at $32.03 a share with high-volume. Look for volume on that move that's near or above its three-month average action of 11,301,000 shares. If we get that action soon, I would look for USB to tag $35 to $38 a share or higher in the near future. If you buy this stock off weakness in an effort to anticipate the breakout, then I would simply use its 50-day moving average at $30.44, or just below that level as my stop. You could then just add to any long positions once USB takes out $32.03 with strong volume. USB shows up on a recent list of 10 Stocks That Fidelity Funds Are Buying.