WINDERMERE, Fla. ( 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: 1.89 million
Volume % Change: 358% >>3 Tech Stocks Under $10 Spiking Higher From a technical perspective, ASML is bouncing modestly higher here and briefly back above its 50-day moving average at $70.40 with heavy upside volume. At last check, ASML has hit an intraday high of $72.09, and volume is well above its three-month average action of 1.89 million shares. This move is starting to push ASML within range of triggering a near-term breakout trade. That trade will hit if ASML manages to clear some near-term overhead resistance levels at $71.90 to $73.24 with high volume. Traders should now look for long-biased trades in ASML as long as it's trending above its 50-day at $70.40, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.89 million shares. If that breakout triggers soon, then ASML will set up to re-test or possibly take out its next major overhead resistance levels at $74 to $78.30.