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: 1.62 million
Volume % Change: 196% >>4 Health Care Stocks Under $10 to Watch From a technical perspective, CLDX is trending higher here right above its 50-day moving average at $12.27 with above-average volume. This stock has started to enter breakout territory, since it's trading above some near-term overhead resistance at $13.48. That move is quickly pushing shares of CLDX within range of triggering an even bigger breakout trade. That trade will hit if CLDX manages to take out its 52-week high at $14.09 with high volume. Traders should now look for long-biased trades in CLDX as long as it's trending above $13 or above $13.48 and then once it sustains a move or close above $14.09 with volume that hits near or above 1.62 million shares. If that breakout triggers soon, then CLDX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets if that breakout hits are $17 to $20.