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 Insiders Love Right Now
Three-Month Average Volume: 64,788
Volume % Change: 300% >>5 Stocks Under $10 Set to Soar From a technical perspective, SHEN jumped higher here right off its 50-day moving average of $18.97 with strong upside volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $17.06 to its intraday high of $19.85. During that move, shares of SHEN have been consistently making higher lows and higher highs, which is bullish technical price action. That move is starting to push shares of SHEN within range of triggering a near-term breakout trade. That trade will hit if SHEN manages to take out some near-term overhead resistance levels at $20.26 to its 52-week high at $21 with high volume. Traders should now look for long-biased trades in SHEN as long as it's trending above its 50-day at $18.97 or above more support at $18.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 64,788 shares. If that breakout hits soon, then SHEN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $24 to $25.