>>5 Stocks Setting Up to Break Out Chesapeake Energy One energy player that insiders are buying up a large amount of stock in here is Chesapeake Energy ( CHK), a natural gas and oil exploration and production company. Insiders are buying this stock into strength, since shares are up 27% so far in 2013. Chesapeake Energy has a market cap of $14 billion and an enterprise value of $28 billion. This stock trades at a cheap valuation, with a forward price-to-earnings of 10.56. Its estimated growth rate for this year is 141%, and for next year it's pegged at 36%. This is not a cash-rich company, since the total cash position on its balance sheet is $33 million and its total debt is a whopping $13.63 billion. This stock sports a dividend yield of 1.7%. >>5 Rocket Stocks Ready for Blastoff A director just bought 450,000 shares, or about $9.4 million worth of stock, at $20.89 per share. From a technical perspective, CHK is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has just started to breakout above some near-term overhead resistance at $20.96 a share. That move is quickly pushing shares of CHK within range of triggering another major breakout trade. If you're bullish on CHK, then I would look for long-biased trades as long as this stock is trending above $20.96 or above its 50-day at $19.98 and then once it breaks out above its 52-week high at $22.97 a share with high volume. Look for a sustained move or close above $22.97 with volume that hits near or above its three-month average action of 11.83 million shares. If we get that breakout soon, then CHK will set up to re-test or possibly take out its next major overhead resistance levels at $25.61 to $29 a share. Apache Another stock that insiders are jumping into here is Apache ( APA), which explores, develops and produces natural gas, crude oil and natural gas liquids. Insiders are buying this stock into modest strength, since shares are up 8% so far in 2013. Apache has a market cap of $33 billion and an enterprise value of $44 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 18.02 and a forward price-to-earnings of 8.83. Its estimated growth rate for this year is -8.4%, and for next year it's pegged at 10.3%. This is not a cash-rich company, since the total cash position on its balance sheet is $248 million and its total debt is a whopping $12.48 billion. This stock sports a dividend yield of 1%.