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 Set to Soar on Bullish Earnings
Three-Month Average Volume: 91,240
Volume % Change: 204% >>5 Rocket Stocks to Buy This Week From a technical perspective, ABCB spiked sharply higher here right above some near-term support at $17.52 and back above its 50-day moving average of $18.63 with strong upside volume. This move is quickly pushing shares of ABCB within range of triggering a major breakout trade. That trade will hit if ABCB manages to take out some near-term overhead resistance at $18.98 to its 52-week high at $19.84 with high volume. Traders should now look for long-biased trades in ABCB as long as it's trending above Monday's low of $17.90 or above more support at $17.52 and then once it sustains a move or close above those breakout levels with volume that hits near or above 91,240 shares. If that breakout hits soon, then ABCB will set up to enter new 52-week-high territory above $19.84, which is bullish technical price action. Some possible upside targets off that move are $23 to $25.