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 Hated Earnings Stocks You Should Love
Three-Month Average Volume: 385,937
Volume % Change: 343% From a technical perspective, RPXC gapped sharply higher here right off its 50-day moving average of $17.16 with heavy upside volume. This move pushed shares of RPXC into breakout territory, since the stock took out some near-term overhead resistance at $18.12. Shares of RPXC are now starting to trend within range of triggering another big breakout trade. That trade will hit if RPXC manages to take out some key overhead resistance levels at $19.88 to $20.38 with high volume. Traders should now look for long-biased trades in RPXC as long as it's trending above Wednesday's low of $17.89 or its 50-day at $17.16 and then once it sustains a move or close above those breakout levels with volume that hits near or above 385,937 shares. If that breakout hits soon, then RPXC will set up to re-test or possibly take out its next major overhead resistance levels at $24 to $27.