Another stock that insiders are loading up on here is Office Depot ( ODP), a global supplier of office products and services. Insiders are buying this stock into some decent strength here, since shares are up over 20% so far in 2012. Office Depot has a market cap of $747 million and an enterprise value of $990 million. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 9.18 and a forward price-to-earnings of 32.81. Its estimated growth rate for the next quarter is 33.3%, and for next year it's pegged at 366.7%. This is not a cash-rich company, since the total cash position on its balance sheet is $422.68 million and its total debt is 674.55 million. >>5 Stocks to Buy to Be Like Buffett A beneficial owner just bought 6.9 million shares, or about $15.83 million worth of stock, at $2.16 to $2.45 per share. From a technical perspective, ODP is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last month, with shares soaring from a low of $1.51 to its recent high of $2.85 a share. That move has pushed ODP into overbought territory, since its current relative strength index reading is 82. Overbought can always get more overbought, so ODP still might be setting up to trend higher. If you're in the bull camp on ODP, then I would look for long-biased trades once it manages to break out above some near-term overhead resistance at $2.85 a share with high volume. Look for a sustained move or close above $2.85 a share with volume that registers near or above its three-month average action of 5.5 million shares. If that breakout triggers soon, then ODP will have a great chance of re-testing or possibly taking out its nest major overhead resistance levels at $3.20 to $3.40 a share On the flip side, I would avoid ODP if it fails to trigger that breakout, and then moves back below its 200-day moving average of $2.46 a share with heavy volume. A high-volume move below $2.46 will setup ODP to re-test some near-term support at $2.20 a share.