Crane Co. (CR) — This maker of engineered industrial products in the United States and internationally turned up recently on a list of companies with heavy insider buying.

After plunging from more than $48 in October 2007 to below $11 in November 2008, CR built a base that following a “V” bottom broke through a compound top at $20 from a cup-and-handle formation.

With heavy buying and a thrust through the 200-day moving average, CR looks like it could trade to over $30 before running into selling. Traders and long-term investors may want to position CR now.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.