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: 311,394
Volume % Change: 128% Shares of BGS are ripping higher today after the company said it has agreed to buy Robert's American Gourmet Food, which owns the Pirate's Booty brand, for $195 million in cash. >>3 Big Stocks on Traders' Radars From a technical perspective, BGS is trending higher here right off its 200-day moving average at $29.56 and back above its 50-day moving average at $29.88 with above-average volume. This move is quickly pushing shares of BGS within range of triggering a near-term breakout trade. That trade will hit if BGS manages to clear some near-term overhead resistance levels at $31.50 to $31.69 with high volume. Traders should now look for long-biased trades in BGS as long as it's trending above some resistance at $30.47 or above its 50-day at $29.88, and then once it sustains a move or close above those breakout levels with volume that hits near or above 311,394 shares. If that breakout triggers soon, then BGS will set up to re-test or possibly take out its next major overhead resistance levels at $32.82 to its 52-week high at $33.14.