Another stock that insiders are finding attractive here is communications services player NII Holdings ( NIHD), which provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru and Chile. Insiders are sniffing out some deep value here, since shares are down by a whopping 60% so far in 2012. NII Holdings has a market cap of $1.31 billion and an enterprise value of $3.96 billion. This stock trades at a reasonable valuation, with a price-to-sales of 0.20 and a price-to-book of 0.44. Its estimated growth rate for this year is -173.9%, and for next year it's pegged at 55.3%. This is not a cash-rich company, since the total cash position on its balance sheet is $1.96 billion and its total debt is $4.62 billion. A CEO and director just bought 42,402 shares, or about $296,000 worth of stock, at $7 per share. From a technical perspective, NIHD is currently trading above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock recently formed a bottoming pattern at around $5.84 to $6.23 a share, after it had dropped sharply from over $13 a share in May. Shares of NIHD recently spiked right off its 50-day at $6.91 with massive upside volume. That action could be setting up NIHD to break out soon and continue to trend higher. If you're in the bull camp on NIHD, then I would look for long-biased trades off weakness if it can manage to hold above its 50-day at $6.91 a share off any pullback. If NIHD can hold that level, then look for it to break out above some near-term overhead resistance levels at $8.39 to $8.76 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 6.1 million shares. If we get that breakout, then NIHD will setup to re-test or possibly take out its next major overhead resistance levels at $10.70 to $12 a share.