One stock that insiders are buying up here is Agco ( AGCO), which sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment and implements. Insiders are buying this stock into some modest strength, since shares are up over 10% so far in 2012. Agco has a market cap of $4.63 billion and an enterprise value of $5.71 billion. This stock trades at cheap valuation, with a trailing price-to-earnings of 6.73 and a forward price-to-earnings of 8.25. Its estimated growth rate for this year is 27.7, and for next year it's pegged at 0.90%. This is not a cash-rich company, since the total cash position on its balance sheet is $393.40 million and its total debt is $1.53 billion. >>5 Stocks Poised for Breakouts A director just bought 103,466 shares, or about $4.67 million worth of stock, at $44.58 per share. That same director also just bought 114,079 shares, or about $5.06 million worth of stock, at $44.24 to $44.56 per share. From a technical perspective, AGCO is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock recently traded back above both of those key moving averages with heavy upside volume. That move has now pushed AGCO within range of triggering a near-term breakout trade. If you're bullish on AGCO, then I would look for long-biased trades once it breaks out above some near-term overhead resistance levels at $48 a share with high volume. Look for a sustained move or close above $48 with volume that hits near or above its three-month average action of 1.3 million shares. If that breakout triggers soon, then look for AGCO to re-test or possibly take out its next major overhead resistance levels at $51.25 to $52.37 a share, or even $54 a share. On the flip side, I would avoid AGCO or look for short-biased trades if it fails to trigger that breakout, and then drops below its 200-day moving average at $45.57 a share with heavy volume. If we get that move, then AGCO will setup to re-test or possibly take out its 50-day at $43.69 a share.