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: 265,751
Volume % Change: 439% From a technical perspective, ECPG spiked higher here right off its 50-day moving average of $46.50 with strong upside volume. This move briefly pushed shares of ECPG into breakout and new 52-week-high territory, since the stock flirted with some near-term overhead resistance at $50.92. Shares of ECPG closed well below that breakout level at $47.45. Traders should now look for a continuation move higher if ECPG can get back into new 52-week-high territory in the near-term. Traders should now look for long-biased trades in ECPG as long as it's trending above Friday's low of $46.17 or above some more key near-term support at $45.68, and then once it sustains a move or close above its new 52-week high at $51.95 with volume that hits near or above 265,751 shares. If we get that move soon, then ECPG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $55 to $60.