Another stock that insiders are falling in love with is Children's Place Retail ( PLCE), a pure-play children's specialty apparel retailer in North America. Insiders are buying this stock into some decent strength here, since shares are up over 7% so far in 2012. Children's Place Retail has a market cap of $1.39 billion and an enterprise value of $1.20 billion. This stock trades at reasonable valuation, with a trailing price-to-earnings of 22.37 and a forward price-to-earnings of 15.01. Its estimated growth rate for this year is 11.6%, and for next year it's pegged at 16.9%. This is a cash-rich company, since the total cash position on its balance sheet is $158.62 million and its total debt is zero. The chairman of the board just bought 13,350 shares, or around $748,000 worth of stock, at $56.03 per share. From a technical perspective, PLCE is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock recently gapped up large from over $52 a share to around $56 a share with heavy volume. That gap also pushed PLCE into breakout territory, since the stock took out some overhead resistance levels at $52.16 to $53.60 a share. That gap and continued momentum has now pushed PLCE within range of triggering a major breakout trade. If you're bullish on PLCE, then I would look for long-biased trades once this stock manages to trigger a breakout trade above some past overhead resistance levels at $57.55 to $57.63 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 458,656 shares. If that breakout triggers soon, then PLCE should easily trend north of $60 a share. One could also anticipate this breakout and buy the stock off any weakness as long as it holds near-term support at $55 to $54 a share. On the flipside, I would avoid this stock for now or look for short-biased trades if it fails to trigger that breakout soon, and then drops back below some key near-term support levels at $55 to $54 a share with heavy volume. A move below $54 will setup PLCE to re-fill that previous gap and possibly take this stock down towards $52 to $50 a share. To see more stocks with notable insider buying like Sirius XM Radio (SIRI), Zipcar (ZIP) and Imax (IMAX), check out the Stocks With Big Insider Buying portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.