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: 97,437
Volume % Change: 124% >>4 Big Tech Stocsk on Traders' Radars From a technical perspective, TZOO is bouncing higher here right off some near-term support at $28 with above-average volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of $20.94 to its recent high of $29.80. During that move, shares of TZOO have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of TZOO within range of triggering a near-term breakout trade. That trade will hit if TZOO manages to take out its 52-week high at $29.80 with high volume. Traders should now look for long-biased trades in TZOO as long as it's trending above $28 or above more near-term support at $27.06 and then once it sustains a move or close above $29.80 with volume that hits near or above 97,437 shares. If that breakout triggers soon, then TZOO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $32 to $35.