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: 10.47 million
Volume % Change: 136% Shares of NVDA are ripping higher today after the company reported results that beat Wall Street expectations. >>3 Big Tech Stocks on Traders' Radars From a technical perspective, NVDA is gapping sharply higher here right above some near-term support at $13.50 with above-average volume. This move is quickly pushing shares of NVDA within range of triggering a major breakout trade. That trade will hit if NVDA manages to take out some past overhead resistance at $15.03 and then once it clears its 52-week high at $15.22 with high volume. Traders should now look for long-biased trades in NVDA as long as it's trending above $14, and then once it sustains a move or close above those breakout levels with volume that hits near or above 10.47 million shares. If that breakout triggers soon, then NVDA will set up to re-test or possibly take out its next major overhead resistance levels at $16.69 to $18.