A director just bought 37,750 shares, or about $500,000 worth of stock, at $13.25 per share.

From a technical perspective, IGT is currently trending above its 50-day moving average and just below its 200-day moving average, which is neutral trendwise. This stock has been trending sideways for the last two months and change, with shares moving between $12 on the downside and $13.85 on the upside. A high-volume move outside of that range will likely lead to the next major trend for shares of IGT.

If you're bullish on IGT, then I would look for long-biased trades once this stock manages to break out above some near-term overhead resistance levels at $13.85 to its 200-day at $14.06 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 4,015,040 shares. If that breakout triggers soon, then IGT will set up to re-test or possibly take out its next major overhead resistance levels at $15.67 to $16 a share.

Corcept Therapeutics

Another name that insiders are warming up to here is Corcept Therapeutics ( CORT). This is a pharmaceutical company, engaged in the discovery and development of drugs for the treatment of severe metabolic and psychiatric disorders. Insiders are buying this stock into some extreme weakness, since shares are down by close to 60% so far in 2012.

Corcept Therapeutics has a market cap of $137.74 million and an enterprise value $67.99 million. This stock trades at a premium valuation, with a price-to-sales of 71.89 and a price-to-book of 1.94. Its estimated growth rate for this year is 7.7%, and for next year it's pegged at 19.4%. This is a cash-rich company, since the total cash position on its balance sheet is $101.63 million and its total debt is $30.58 million.

A director just bought 179,000 shares, or about $248,000 worth of stock, at $1.38 to $1.40 per share.

From a technical perspective, CORT is currently trending well below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending badly for the last six months, with shares plunging from a high of $4.51 to a recent low of $1.27 a share. During that downtrend, shares of CORT have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of CORT have started to stabilize around $1.28 to $1.27 a share and it's moving within range of triggering a near-term breakout trade.

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