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 Ready to Break Out
Three-Month Average Volume: 146,163
Volume % Change: 190% >>5 Big Stocks to Trade for Big Gains From a technical perspective, FWM soared sharply higher here right off some near-term support at $22.03 and back above its 50-day at $24.02 with strong upside volume. This move is quickly pushing shares of FWM within range of triggering a big breakout trade. That trade will hit if FWM manages to take out Monday's high of $25.67 to $25.93 and then once it clears more key overhead resistance levels at $27.31 to its all-time high at $28.87 with high volume. Traders should now look for long-biased trades in FWM as long as it's trending above support at $22.03 and then once it sustains a move or close above those breakout levels with volume that's near or above 146,163 shares. If that breakout hits soon, then FWM will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $33 to $35.