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: 219,097
Volume % Change: 255% >>5 Rocket Stocks to Buy in November From a technical perspective, GASS ripped sharply higher here right off some near-term support at $11.45 with strong upside volume. This move is quickly pushing shares of GASS within range of triggering a big breakout trade. That trade will hit if GASS manages to take out Monday's high of $12.35 to its 52-week high at $12.86 with high volume Traders should now look for long-biased trades in GASS as long as it's trending above some key near-term support at $11.45 and then once it sustains a move or close above those breakout levels with volume that hits near or above 219,097 shares. If that breakout hits soon, then GASS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $17 to $20.