Another stock that insiders are snapping up shares in here is Tesla Motors ( TSLA), which designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Insiders are buying this stock into some modest weakness here, since shares are down by 12% in the last six months. Tesla Motors has a market cap of $2.98 billion and an enterprise value of $3.22 billion. This stock trades at a premium valuation, with a forward price-to-earnings of 74.34. Its estimated growth rate for this year is -35.5%, and for next year it's pegged at 112.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $210.55 million and its total debt is $438.97 million. The CEO and beneficial owner just bought 35,398 shares, or about $999,000 worth of stock, at $28.25 per share. From a technical perspective, TSLA is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock has been trending range bound for the last two months, with shares moving between $27.30 on the downside and $32.78 on the upside. A move outside of that range in the near future will likely setup the next major trend for TSLA. If you're in the bull camp on TSLA, then I would look for long-biased trades as long as it's trending above its 200-day at $30.97, and then once it manages to break out above some near-term overhead resistance at $32.78 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 1,420,580 shares. If that breakout triggers soon, then look for TSLA to re-test or take out its next significant overhead resistance level at $36 a share.