One more stock that insiders are loading up in here is auto and truck parts player Federal-Mogul ( FDML), a global supplier of powertrain and safety technologies. Insiders are buying this stock into extreme weakness here, since shares are down by over 30% so far in 2012. Federal-Mogul has a market cap of $1 billion and an enterprise value of $3.05 billion. This stock trades at cheap valuation, with a forward price-to-earnings of 5.63. Its estimated growth rate for this year is -26%, and for next year it's pegged at 19.2%. This is not a cash-rich company, since the total cash position on its balance sheet is $716 million and its total debt is $2.84 billion. Billionaire hedge fund manager Carl Icahn, who's also the chairman of the board and beneficial owner just bought 239,149 shares, or around $2.25 million worth of stock, at $9.41 per share. From a technical perspective, FDML is currently trading above its 50-day moving average and well below its 200-day moving average, which is neutral trendwise. This stock has been downtrending badly for the past six months, with shares plunging from $16.38 to its recent low of $8.67 a share. During that downtrend, shares of FDML have consistently made lower highs and lower lows, which is bearish technical price action. That said, the stock has started to find some buyers under $9 a share, and it's starting to push above its 50-day at $10.03 a share. If you're bullish on FDML, then I would look for long-biased trades once this stock manages to break out above $10.17 a share with high volume. Look for a sustained move or close above that level with volume that registers near or above its three-month average action of 180,580 shares. If that breakout triggers soon, then FDML could bounce hard back towards its next significant overhead resistance levels at $10.88 to $11.79 a share, or possibly to $13 a share. On the flipside, I would avoid FDML or look for short-biased trades if it fails to trigger that breakout soon, and then drops back below some major near-term support areas at $9.17 to $8.67 a share with heavy volume. . If we get that action, then FDML could easily take out its 52-week low at $8.67 and trend significantly lower. To see more stocks with notable insider buying, check out the Stocks With Big Insider Buying portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.