If you're in the bull camp on FBHS, then I would look for long-biased trades once this stock manages to break out above some near-term overhead resistance levels at $30.27 to $30.50 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 1,694,320 shares. If that breakout triggers soon, then FBHS will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $35 to $40 a share.

Parkway Properties

The last name to consider with some huge insider buying is Parkway Properties ( PKY). This is a real estate investment trust, which is engaged in the operation, leasing, acquisition and ownership of office properties. Insiders are buying this stock into some solid strength, since shares are up by 36% so far in 2012.

Parkway Properties has a market cap of $552 million and an enterprise value of $1.25 billion. This stock trades at a cheap valuation, with a forward price-to-earnings of 10.91. Its estimated growth rate for this year is -41.5%, and for next year it's pegged at -3.1%. This is not a cash-rich company, since the total cash position on its balance sheet is $53.56 million and its total debt is $689.78 million.

A beneficial owner just bought 5,822,000 shares, or about $75.68 million worth of stock, at $13 per share.

From a technical perspective, PKY 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 a bit for the last month, with shares moving lower from $14.60 to its recent low of $12.78 a share. During that move, shares of PKY have been making lower highs and lower lows, which is bearish technical price action. That said, shares of PKY have started to rebound off that $12.78 low and it's now moving within range of triggering a near-term breakout trade.

If you're bullish on PKY, then I would look for long-biased once this stock manages to break out above some near-term overhead resistance levels at $13.59 to $14.02 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 289,565 shares. If that breakout triggers soon, then PKY will set up to re-test or possibly take out its next major overhead resistance levels at $14.60 to $16 a share.

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