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 Dow Dividend Stocks to Beat the S&P
Average Volume: 2.47 million
Volume % Change: 135% >>5 Stocks Poised for Breakouts From a technical perspective, YNDX ripped higher here right above some near-term support at $28 with heavy upside volume. This move has started to push shares of YNDX into breakout territory, since the stock flirted with its previous 52-week high at $29.48. At last check, YNDX hit an intraday high of $29.78 and volume was well above its three-month average action of 2.47 million shares. Traders should now look for long-biased trades in YNDX as long as it's trending above $28 and then once it sustains a move or close above its new 52-week high at $29.78 with volume that hits near or above 2.47 million shares. If that breakout triggers soon, then YNDX will set up to re-test or possibly take out its next major overhead resistance levels at $32 to $34. Any high-volume move above those levels will then put $40 into range for shares YNDX.