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: 241,263
Volume % Change: 77% >>5 Breakout Trades Under $10 From a technical perspective, SGNT ripped sharply higher here right off some near-term support at $22.50 with above-average volume. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $19.76 to its intraday high of $24.22. During that uptrend, shares of SGNT have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SGNT within range of triggering a big breakout trade. That trade will hit if SGNT manages to take out Monday's high of $24.22 to its 52-week high at $24.27 with high volume. Traders should now look for long-biased trades in SGNT as long as it's trending above support at $22.50 or above its 50-day at $21.75 and then once it sustains a move or close above those breakout levels with volume that hits near or above 241,263 shares. If that breakout hits soon, then SGNT will set up to enter 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 $27 to $30.