DELAFIELD, 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.>>5 Stocks With Big Insider Buying
Three-Month Average Volume: 105,952
Volume % Change: 863% From a technical perspective, FUN bounced modestly higher here right above some near-term support at $42.67 and back above its 50-day moving average at $43.33 with monster upside volume. This move is quickly pushing shares of FUN within range of triggering a near-term breakout trade. That trade will hit if FUN manages to take out Wednesday's high of $44.20 to its 52-week high at $44.49 with high volume. Traders should now look for long-biased trades in FUN as long as it's trending above Wednesday's low of $42.85 or above that recent low of $42.67 and then once it sustains a move or close above those breakout levels with volume that hits near or above 105,952 shares. If that breakout hits soon, then FUN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $50 to $53.