Agco One capital goods player that insiders are buying a huge amount of stock in here is Agco ( AGCO). This company is a manufacturer and distributor of agricultural equipment and related replacement parts worldwide. Insiders are buying this stock into some modest strength, since shares are up just over 5% so far in 2012. Agco has a market cap of $4.40 billion and an enterprise value of $5.49 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 6.35 and a forward price-to-earnings of 8.16. Its estimated growth rate for this year is 17.2%, and for next year it's pegged 5.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $321.90 million and its total debt is $1.41 billion A director just bought 160,940 shares, or about $7.29 million worth of stock, at $45.08 to $45.60 per share. From a technical perspective, AGCO is currently trending above its 200-day moving average and just below its 50-day moving average, which is neutral trendwise. This stock has been downtrending for the last two months, with shares dropping from a high of $49.90 to its recent low of $42.48 a share. During that downtrend, shares of AG9CO have been mostly making lower highs and lower lows, which is bearish technical price action. That said, the stock has just started to rebound back above its 200-day and its moving within range of triggering a near-term breakout trade. If you're bullish on AGCO, then I would look for long-biased trades once this stock manages to break out above some near-term overhead resistance levels at $45.90 to $47.25 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1,110,740 shares. If that breakout triggers soon, then AGCO will set up to re-test or possibly take out its next major overhead resistance level at $49.90 a share. Penn National Gaming Another name in the casinos and gaming complex that insiders are loading up on here is Penn National Gaming ( PENN). This is a diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties. Insiders are buying this stock into decent strength, since shares are up by 26% so far in 2012.