One technology player that insiders have snapped up a large amount of stock in is Akamai Technologies ( AKAM), which provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the U.S. and internationally. Insiders are buying this stock into modest strength since shares are up just over 4% so far in 2012. Akamai Technologies has a market cap of $5.96 billion and an enterprise value of $5.43 billion. This stock trades at a premium valuation, with a trailing price-to-earnings of 31.67 and a forward price-to-earnings of 17.89. Its estimated growth rate for this year is 7.2%, and for next year it's pegged at 14.1%. This is a cash-rich company, since the total cash position on its balance sheet is $404.54 million and its total debt is zero. A director just bought 100,000 shares, or $3.31 million worth of stock, at $33.14 per share. >>3 Tech Stocks to Buy on a Pullback From a technical perspective , AKAM is currently trading below its 50-day moving average and above its 200-day moving average, which is neutral trendwise. This stock recently formed a double top at around $39.14 to $39.09 a share, and subsequently plunged to a low of $32.20 a share. Shares of AKAM have found some buying interest during the past three months whenever the stock has traded down to $31 to $32 a share. If you're in the bull camp on AKAM, I would look for long-biased trades if this stock can manage to break out above some near-term overhead resistance at $34.48 a share with high volume. Look for volume on that move that's near or well above its three-month average action of 3,567,380 shares. If we get that move soon, then I would look to add to any long positions once AKAM closes back above its 50-day moving average of $36.43 with high volume. I would avoid any long trades in AKAM if this stock fails to trigger that breakout and then drops back below some near-term support at $32.20 to $31.01 a share with heavy volume. A move below those levels and below its 200-day moving average of $29.42 with heavy volume would have me looking for short-biased trades.