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 Rocket Stocks to Buy for Earnings Season
Three-Month Average Volume: 50,944
Volume % Change: 311% >>3 Hot Stocks to Trade (or Not) From a technical perspective, HGSH skyrocketed higher here back above its 50-day moving average at $8.67 with heavy upside volume. This move also pushed shares of HGSH into breakout territory, since the stock took out some near-term overhead resistance levels at $9.91 to $9.37. Shares of HGSH are now quickly moving within range of triggering another big breakout trade. That trade will hit if HGSH manages to take out some near-term overhead resistance levels at $10.18 to $10.41 with high volume. Traders should now look for long-biased trades in HGSH as long as it's trending above $9.37 or above $9 and then once it sustains a move or close above those breakout levels with volume that hits near or above 50,944 shares. If that breakout triggers soon, then HGSH will set up to re-test or possibly take out its next major overhead resistance levels at $11.45 to its 52-week high at $12.94. Any high-volume move above $12.94 will then put $15 into range for shares of HGSH.