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: 551,367
Volume % Change: 693% Shares of CPHD rose on Friday after the company's second-quarter adjusted profit surprised Wall Street and revenue beat analysts' estimates. >>5 Must-See Charts to Buy in July From a technical perspective, CPHD ripped higher here back above its 200-day moving average at $35.10 with heavy upside volume. This move is quickly pushing CPHD within range of triggering a near-term breakout trade. That trade will hit if CPHD manages to take out Friday's high of $35.67 and then once it clears some more resistance at $36.49 with high volume. Traders should now look for long-biased trades in CPHD as long as it's trending above $34 and then once it sustains a move or close above those breakout levels with volume that hits near or above 551,367 shares. If that breakout triggers soon, then CPHD will set up to re-test or possibly take out its next major overhead resistance levels at $39.15 to $40.31.