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: 284,725
Volume % Change: 94% >>5 Rocket Stocks to Buy This Week From a technical perspective, CSTE spiked higher here right off its 50-day moving average of $42.33 with above-average volume. This bump higher is a continuation pattern of CSTE's recent move out of its downtrend that started in late September at $48.69 to its low of $36.26. That low of $36.26 was the end of CSTE's recent downside volatility. Shares of CSTE now look ready to continue its trend higher and potentially challenge its all-time highs. Traders should now look for long-biased trades in CSTE as long as it's trending above its 50-day at $42.33 or above $42 and then once it sustains a move or close above Monday's high of $44.74 with volume that's near or above 284,725 shares. If we get that move soon, then CSTE will set up to re-test or possibly take out its all-time high at $48.69. Any high-volume move above that level will then give CSTE a chance to tag $50 to $53.