One industrial conglomerate that insiders are jumping into here is Illinois Tool Works ( ITW), which is a manufacturer of a range of industrial products & equipment. Insiders are buying this stock into solid strength, since shares are up 23% so far in 2013. Illinois Tool Works has a market cap of $33 billion and an enterprise value of $35 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 14.9 and a forward price-to-earnings of 16.2. Its estimated growth rate for this year is 3.7%, and for next year it's pegged at 10%. This is not a cash-rich company, since the total cash position on its balance sheet is $2.77 billion and its total debt is a $5.07 billion. This stock currently sports a dividend yield of 2.3%. >>5 Hated Earnings Stocks You Should Love The CFO just bought 7,000 shares, or about $519,000 worth of stock, at $74.25 per share. From a technical perspective, ITW is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $59.68 to its intraday high of $75.63 a share. During that move, shares of ITW have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ITW within range of triggering a major breakout trade. If you're bullish on ITW, then look for long-biased trades as long as this stock is trending above its 50-day at $72.86 or above more support at $71.07, and then once it breaks out above its new 52-week high at $75.63 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average volume of 1.72 million shares. If that breakout triggers soon, then ITW will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $80 to $85 a share.