If you're bullish on AIG, then look for long-biased trades as long as this stock is trending above some key near-term support at $42 and then once it breaks out above its 52-week high at $46.45 a share with high volume. Look for a sustained move or close above $46.45 a share with volume that hits near or above its three-month average action of 17.14 million shares. If that breakout triggers soon, then AIG will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $50 to $53 a share.

MoSys

A semiconductor stock that insiders are snapping up shares in here is MoSys ( MOSY), which develops and sells integrated circuits for the high-speed networking, communications, storage and computing markets. Insiders are buying this stock into solid strength, since shares are up by 22% so far in 2013.

MoSys has a market cap of $173 million and an enterprise value $139 million. This stock trades at a premium valuation, with a price-to-sales of 28.8 and a price-to-book of 2.8. Its estimated growth rate for this year is 17.9%, and for next year it's pegged at 28.3%. This is a cash-rich company, since the total cash position on its balance sheet is $30.46 million and its total debt is zero.

>>4 Tech Stocks to Trade (or Not)

The CEO just bought 150,000 shares, or $1 million worth of stock, at $4.00 per share.

From a technical perspective, MOSY is currently above its 200-day moving average and right below its 50-day moving average, which is neutral trendwise. This stock has been trending sideways for the last two months, with shares moving between $3.88 on the downside and $4.97 on the upside. A high-volume move above the upper-end of that range could trigger a breakout trade for shares of MOSY.

If you're bullish on MOSY, then look for long-biased trades as long as this stock is trending above its 200-day at $3.81, then once it breaks out above some near-term overhead resistance levels at $4.39 to its 50-day at $4.45 a share and then once it clears more resistance at $4.87 to $4.97 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 202,421 shares. If that breakout triggers soon, then MOSY will set up to enter new 52-week-high territory above $4.97, which is bullish technical price action. Some possible upside targets off that move are $5.50 to $6 a share.

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