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 Ready to Break Out This Month
Three-Month Average Volume: 185,932
Volume % Change: 417% From a technical perspective, TRAK exploded higher here and gapped back above its 50-day moving average of $40.17 with monster upside volume. This move briefly pushed shares of TRAK into breakout territory, since it flirted with some near-term overhead resistance at $41.82. Shares of TRAK are now trending within range of another big breakout trade. That trade will hit if TRAK manages to take out Wednesday's high of $43.25 to its 52-week high at $43.52 with high volume. Traders should now look for long-biased trades in TRAK as long as it's trending above Wednesday's low of $40.74 or above its 50-day at $40.17 and then once it sustains a move or close above those breakout levels with volume that hits near or above 185,932 shares. If that breakout hits soon, then TRAK will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $50 to $55.