Another technology player that insiders are jumping into here is Cognizant Technology Solutions ( CTSH), a provider of custom information technology, consulting and business process outsourcing services. Insiders are buying this stock into weakness, since shares are off by 13% so far in 2013. Cognizant Technology Solutions has a market cap of $19.3 billion and an enterprise value of $16.2 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 17.99 and a forward price-to-earnings of 13.86. Its estimated growth rate for this year is 16.6%, and for next year it's pegged at 16%. This is a cash-rich company, since the total cash position on its balance sheet is $2.74 billion and its total debt is zero. >>5 Hated Earnings Stocks That Deserve Your Love The chairman of the board just bought 7,500 shares, or about $470,000 worth of stock, at $62.78 per share. From a technical perspective, CTSH is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been trending sideways for the last two months, with shares moving between $61.29 a share on the downside and $68.73 a share on the upside. A high-volume move above its recent range could trigger a near-term breakout trade for shares of CTSH. If you're in the bull camp on CTSH, then look for long-biased as long as this stock is trending above some key near-term support levels at $62.49 or $61.29 and then once it breaks out above some near-term overhead resistance levels at $66.66 to $68.73 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 4.07 million shares. If that breakout triggers soon, then CTSH will set up to re-test or possibly take out its 200-day moving average at $70.82 a share. Any high-volume move above that level will then give CTSH a chance to trend back towards its next major overhead resistance levels at $76 to $78 a share.