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 Set to Soar on Bullish Earnings
Three-Month Average Volume: 724,852
Volume % Change: 155% >>5 Rocket Stocks to Buy This Week From a technical perspective, CLD spiked sharply higher here right off its 50-day moving average of $15.30 with above-average volume. This move pushed shares of CLD into breakout territory, since the stock took out some near-term overhead resistance levels at $15.46 to $15.63. This move also pushed shares of CLD out of its recent downtrend, since the stock closed above a key downtrend line that dated back to July. Traders should now look for long-biased trades in CLD as long as it's trending above Monday's low of $15.18 or above $15, and then once it sustains a move or close above Monday's high of $16.07 with volume that this near or above 724,852 shares. If we get that move soon, then CLD will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $17.14 to $17.50. Any high-volume move above those levels will then give CLD a chance to tag $19 to $20.