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: 154,626
Volume % Change: 484% Shares of MTRX are trending up today after the company said it beat Wall Street EPS estimates by 2 cents per share and beat revenue estimates. >>4 Hot Stocks to Trade (or Not) From a technical perspective, MTRX is ripping higher here back above its 50-day moving average of $15.13 with heavy upside volume. This move has started to push shares of MTRX into breakout territory, since the stock has taken out some near-term overhead resistance levels at $15.59 to $15.79. Traders should now look for long-biased trades in MTRX as long as it's trending above those key breakout levels with bullish upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 154,626 shares as bullish. If MTRX can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $16.74 to $17.21. Any high-volume move above $17.21 will then push shares of MTRX into new 52-week high territory, which is bullish technical price action.