Insiders are buying up a large amount of stock in Best Buy ( BBY), a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services. Insiders are buying this stock into weakness since shares are off around 17% so far in 2012. Best Buy has a market cap of $6.57 billion and an enterprise value of $7.24 billion. This stock trades at an extremely cheap valuation, with a forward price-to-earnings of 5.12. Its estimated growth rate for the next quarter is 4.3%, and for next year it's pegged at 3.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $1.39 billion and its total debt is $2.03 billion. The CEO just bought 100,000 shares, or around $1.82 million worth of stock, at $18.24 per share. >>5 Stocks With New CEOs to Stay Away From From a technical perspective, BBY is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending for the past two months, with shares dropping from a high of $27.75 to a recent low of $17.53 a share. During that sharp move lower, shares of BBY have mostly made lower highs and lower lows, which is bearish technical price action. If you're bullish on BBY, then I would only look for long-biased trades once this stock triggers a breakout above some near-term overhead resistance at $20 a share with high-volume. Look for volume on that move that's near or above its three-month average volume of 8.4 million shares. If we get that move, then I would look for a quick pop towards its 50-day moving average of $21.82 or possibly its 200-day moving average of $24.08 a share. Keep in mind that in order to hit the 200-day, BBY will need to clear $22.69 with volume. I would simply avoid BBY or look for short-biased trades if it fails to trigger that breakout, and then drops below that recent low of $17.53 a share with high-volume. A high-volume move below $17.53 will mean that BBY is trading at a new 52-week low, which is bearish price action. As of the most recently reported quarter, Best Buy was one of the holdings at David Einhorn's Greenlight Capital.