One more stock to consider with some decent insider buying is Jabil Circuit ( JBL), which provides electronic design, production, product management and aftermarket services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, solar, storage and telecommunications industries. Insiders are buying this stock into some notable weakness, since shares are down by just over 20% in the last six months. >>3 Tech Stocks Hedge Funds Are Buying Jabil Circuit has a market cap of $3.52 billion and an enterprise value of $3.97 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 9.14 and a forward price-to-earnings of 5.84. Its estimated growth rate for this year is 6.2%, and for next year it's pegged at 14.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $1.22 billion and its total debt is $1.68 billion. A director just bought 13,000 shares, or around $222,000 worth of stock, at $17.16 to $17.19 per share. From a technical perspective, JBL is currently trading well below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending badly for the last two months, with shares plunging from a high of $23.95 to its recent low of $16.82 a share. During that downtrend, shares of JBL have been consistently making lower highs and lower lows, which is bearish technical price action. That said, JBL may be starting to mark a bottom since the stock has started to find some buying interest at $16.82 to $16.84 a share. If you're bullish on JBL, then I would look for long-biased trades as long as it's trending above $16.82, and then once it breaks out above some near-term overhead resistance at $17.87 a share with high volume. Look for a sustained move or close above $17.87 with volume that hits near or above its three-month average action of 3,248,820 shares. If JBL triggers that breakout soon, then look for this stock to setup to re-test or possibly take out its next major overhead resistance levels at $18.50 to $19 a share, or possible even $20 to $20.50 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.