Another name that insiders find attractive here is casinos and gaming player Pinnacle Entertainment ( PNK), an owner, operator and developer of casinos and related hospitality and entertainment facilities. Insiders are buying this stock into some modest strength, with shares up around 7% so far in 2012. Pinnacle Entertainment has a market cap of $679 million and an enterprise value of $1.92 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 19.48 and a forward price-to-earnings of 12.49. Its estimated growth rate for this year is 50.8%, and for next year it's pegged at -5.4%. This is not a cash-rich company, since the total cash position on its balance sheet is $202.80 million and its total debt is $1.44 billion. The vice president just bought 10,000 shares, or around $102,000 worth of stock, at $10.24 to $10.35 per share. The CEO also just bought 25,100 shares, or around $242,000 worth of stock, at $9.41 to $9.73 per share. From a technical perspective, PNK is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock just found some big buying interest during the last two months, since it formed a major bottom at around $8.93 to $9 a share. Following that bottom, shares of PNK have soared with high volume back above both its 50-day and 200-day moving averages. This stock has also just started to breakout above some near-term overhead resistance at $10.33 a share. If you're in the bull camp on PNK, then I would look for long-biased trades once this stock pulls back closer to its 200-day moving average of $10.38 a share. Basically, look to buy this stock off weakness and anticipate a possible re-test and possibly breakout above its next major overhead resistance levels at $11.76 to $11.91 a share. On the flipside, I would probably just avoid this stock if it drops back below its 200-day moving average at $10.38 a share, or below some recent breakout levels of $10.33 to $9.89 a share with high volume. A move below those levels will likely mean that PNK is heading back towards those major support zones at $8.93 to $9 a share.