One more stock that has seen some decent insider buying is Agco ( AGCO), which sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment and implements. It also manufactures and distributes grain storage and handling equipment systems, as well as protein production systems. Insiders are buying this stock into some modest strength here, since shares are up around 9% so far in 2012. Agco has a market cap of $4.56 billion and an enterprise value of $5.75 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 6.63 and a forward price-to-earnings of 8.13. Its estimated growth rate for this year is 27.5%, and for next year it's pegged at 1.1%. 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. A director just bought 113,688 shares, or around $5.18 million worth of stock, at $45.57 share. From a technical perspective, AGCO is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been trading sideways for the last couple of weeks, with shares moving between $45.10 on the downside and $48 a share on the upside. A move outside of that range will likely setup the next major trend for AGCO. If you're bullish on AGCO, then I would look for long-biased trades once it manages to break out above some near-term overhead resistance levels at $47.97 to $45 a share with high volume. Look for a sustained move or close above those levels with volume that hits close to or above its three-month average action of 1.2 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. One can look to buy AGCO off any weakness to anticipate that breakout, and simply use a stop that sits right around its 50-day moving average of $44.52 a share. 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.