Delafield, 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.>>5 Stocks Poised for Breakouts
Average Volume: 265,322
Volume % Change: 179% >>5 Stocks Insiders Love Right Now From a technical perspective, ECYT is ripping higher here and breaking out above some past overhead resistance at $15.36 with above-average volume. This stock has been uptrending strong for the last month, with shares soaring higher from its low of $11.80 to its intraday high of $16.23. During that uptrend, shares of ECYT have been consistently making higher lows and higher highs, which is bullish technical price action. Traders should now look for long-biased trades in ECYT as long as it's trending above today's low of $14.85 or above that breakout level of $15.36 and then once it sustains a move or close above today's intraday high and its new all-time high of $16.23 with volume that hits near or above 265,322 shares. If we get that move soon, then ECYT will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $20 to $23.