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 Breakouts
Three-Month Average Volume: 2.29 million
Volume % Change: 175% From a technical perspective, JASO trended higher here and broke out above some near-term overhead resistance levels at $9.88 to $9.91 with above-average volume. This stock has been uptrending strong for the last month, with shares soaring higher from its low of $7 to its intraday high of $10.64. During that uptrend, shares of JASO have been consistently making higher lows and higher highs, which is bullish technical price action. Traders should now look for long-biased trades in JASO as long as it's trending above Monday's low of $9.41 or above its 50-day at $8.59 and then once it sustains a move or close above Monday's high of $10.64 with volume that's near or above 2.29 million shares. If we get that move soon, then JASO will set up to re-test or possibly take out its 52-week high at $11.40. Any high-volume move above $11.40 will then put its next major overhead resistance levels at $11.70 to $12.85 into range for shares of JASO.