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.>>3 Big Stocks on Traders' Radars
Three-Month Average Volume: 3.55 million
Volume % Change: 420% From a technical perspective, AVP bounced sharply higher here right above its recent low of $17.02 with monster upside volume. This stock recently gapped down sharply from $22.50 to that $17.02 low with huge downside volume. Shares of AVP have now started to rebound off that low and off oversold territory, since its current relative strength index reading is 32.82. That move is quickly pushing shares of AVP within range of triggering a near-term breakout trade. That trade will hit if AVP manages to take out Friday's high of $18.27 and then once it clears its gap down day high of $19 with high volume. Traders should now look for long-biased trades in AVP as long as it's trending above Friday's low of $17.22 or above $17.02, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.55 million shares. If that breakout hits soon, then AVP will set up to re-fill some of its previous gap down zone that started at $22.50.