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: 114,771
Volume % Change: 135% >>5 Breakout Trades Under $10 From a technical perspective, USAK trended higher here right off some near-term support at $12.50 with above-average volume. This stock has been trending sideways and consolidating for the last few weeks, with shares moving between $12 on the downside and $14.25 on the upside. This spike higher on Monday is now starting to push shares of USAK within range of triggering a big breakout trade above the upper end of its recent range. That breakout will hit if USAK manages to take out Monday's high of $13.35 to its 52-week high at $14.25 with high volume. Traders should now look for long-biased trades in USAK as long as it's trending above $12.50 or above $12 and then once it sustains a move or close above those breakout levels with volume that's near or above 114,771 shares. If that breakout hits soon, then USAK will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $17 to $20.