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: 81,203
Volume % Change: 396% From a technical perspective, SNP is bouncing modestly higher here right off some near-term support at $108 with above-average volume. This move is quickly pushing shares of SNP within range of triggering a near-term breakout trade. That trade will hit if SNP manages to take out some near-term overhead resistance at $109.64 to $111 with high volume. Traders should now look for long-biased trades in SNP as long as it's trending above today's low of $108.43 or above $108 and then once it sustains a move or close above those breakout levels with volume that hits near or above 81,203 shares. If that breakout triggers soon, then SNP will set up to re-fill some of its recent gap down zone that started just above $114. Eni SpA Eni SpA ( E), together with its subsidiaries, offers integrated energy services. This stock is trading up 1.6% at $47.62 in recent trading.