An internet information provider that insiders are doing some large buying 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 some modest weakness since shares are off by 6% so far in 2012. Akamai Technologies has a market cap of $5.4 billion and an enterprise value of $4.9 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 28.79 and a forward price-to-earnings of 16.27. 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 $404.49 million, and its total debt is zero. A director just bought 147,240 shares, or about $4.04 million worth of stock, at $27.45 per share. Another director also just bought 29,182 shares, or about $840,000 worth of stock, at $29.19 to $28.72 per share. From a technical perspective, AKAM is currently trading just above its 200-day moving average and below its 50-day moving average, which is neutral trendwise. This stock has plunged big in the last two months, with shares dropping from a $39.09 to a low of $25.90 a share. Following that plunge, shares of AKAM have rebounded sharply off some past support at $25.90 to $25.96 a share. That rebound has now pushed AKAM within range of triggering a near-term breakout trade. >>Top 5 Tech Stocks in a Down Market If you're bullish on AKAM, I would now be looking for long-biased trades if this stock manages to trigger a breakout above some near-term overhead resistance at $30.48 to $31 a share with high-volume. Look for volume on that move that registers near or above its three-month average action of 3.5 million shares. If we get that move, then AKAM could easily take out its 50-day moving average of $32.69 a share, and then trend up towards its next significant resistance levels at $34.50 to $37 a share. On the flipside, I would avoid AKAM or look for short-biased trades if that breakout fails to trigger, and then the stock moves below some near-term support at $29 to $28 a share with heavy volume. A high-volume move below those levels wills setup AKAM to re-test those past support zones at $25.96 to $25.90 a share.