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 Poised for Breakouts
Three-Month Average Volume: 1.28 million
Volume % Change: 135% From a technical perspective, SFUN ripped sharply higher here right off its 50-day moving average of $50.63 with above-average volume. This stock has been uptrending strong for the last four months, with shares soaring higher from its low of $22.29 to its recent high of $59.50. During that uptrend, shares of SFUN have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SFUN within range of triggering a big breakout trade. That trade will hit if SFUN manages to take out Friday's high of $57.74 to its 52-week high at $59.50 with high volume. Traders should now look for long-biased trades in SFUN as long as it's trending above $55 or $54 and then once it sustains a move or close above those breakout levels with volume that's near or above 1.28 million shares. If that breakout hits soon, then SFUN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $65 to $70.