MADISON, Wis. ( Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Often when above-average volume moves into an equity, it precedes a large spike in volatility.Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors."
Average Volume: 1.32 million
Volume % Change: 138% >>5 Rocket Stocks to Buy as Stocks Bounce From a technical perspective, LGF is trending higher here right above its 50-day moving average at $22.36 with above-average volume. This move has started to push shares of LGF into breakout territory, since the sock has taken out some near-term overhead resistance levels at $24.12 to $24.15. At last check, shares of LGF have hit an intraday high of $25.05 and volume has just started to surpass its three-month average action of 1.32 million shares. Traders should now look for long-biased trades in LGF as long as it's trending above today's low of $23.67, and then once it sustains a move or close above those breakout levels at $24.12 to $24.15 and above today's high of $25.05 with volume that hits near or above 1.32 million shares. If LGF can maintain this move, then this stock will set up to enter new 52-week-high territory above $25.05, which is bullish technical price action. Some possible upside targets $28 to $30.