Another stock that insiders are finding attractive here is business equipment player VeriFone Systems ( PAY), which is engaged in the secure electronic payment solutions. It provides solutions, and services for the financial, retail, hospitality, petroleum, transportation, government and health care vertical markets. Insiders are finding some deep value here, since this stock is down by over 33% in the last three months. VeriFone Systems has a market cap of $3.84 billion and an enterprise value of $5.13 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 16.7 and a forward price-to-earnings of 10.96. Its estimated growth rate for this year is 38.5%, and for next year it's pegged at 22.2%. This is not a cash-rich company, since the total cash position on its balance sheet is $366.40 million, and its total debt is a whopping $1.61 billion. The CEO just bought 155,000 shares, or around $5.03 million worth of stock, at $32.50 per share.>>5 Rocket Stocks to Buy After Friday's Bounce From a technical perspective, PAY is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock got hammered back in April, with shares plunging from a high of $55.89 to a recent low of $30.10 a share. During that massive drop, shares of PAY were constantly making lower highs and lower lows, which is bearish technical price action. The stock also flashed a number of warning signs to longs with large gap downs on heavy volume. That said, the stock has started to find some buying interest near $30 to $32 a share, and it's now making higher lows and higher highs. If you're in the bull camp on PAY, I would look for long-biased trades if this stock can manage to trigger a near-term breakout trade above some overhead resistance levels at $36.78 to its 50-day moving average of $36.81 a share with high volume. Look for volume on that move that hits near or above its three-month average volume of 3.6 million shares. If we get that breakout soon, then PAY could start to fill a recent gap down that started near $44 a share. Some key levels to watch for are $40 a share which is near the low of the gap down day, and its 200-day moving average of $42.25 a share. If those levels get taken out with volume, then PAY could re-visit some more resistance at $47.82 a share. On the flipside, I would avoid PAY or look for short-biased trades if it fails to trigger that breakout soon, and then drops below some major near-term support at $34 a share with heavy volume. If we get that action, then PAY could head back towards $32 to $30 a share. Any future move below its 52-week low of $30.10 a share should be consider bearish price action, since most stocks that print new 52-week lows continue to do so for some time.