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 Big Breakouts
Three-Month Average Volume: 647,990
Volume % Change: 137% >>3 Hot Stocks to Trade (or Not) From a technical perspective, MTZ trended modestly higher here right above some near-term support levels at $34 to $33.50 with strong upside volume. This move pushed shares of MTZ into new 52-week-high territory, since the stock took out some resistance at $34. This move could be setting up MTZ for a large trend higher, since the stock took out its former 52-week high with strong volume. Traders should now look for long-biased trades in MTZ as long as it's trending above some near-term support levels at $34 to $33.50 and then once it sustains a move or close above its new 52-week high at $34.86 with volume that's near or above 647,990 shares. If we get that move soon, then MTZ will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $45, or even $50.