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: 121,175
Volume % Change: 261% >>5 Breakout Trades Under $10 From a technical perspective, FSYS spiked higher here with above-average volume. This stock has been downtrending badly for the last three months, with shares plunging lower from its high of $21.44 to its intraday low of $13.25. During that downtrend, shares of FSYS have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of FSYS into oversold territory, since its current relative strength index reading is 19.9. Oversold can always get more oversold, but it's also an area from which a stock can make a powerful bounce higher. Traders should now look for long-biased trades in FSYS as long as it's trending above Monday's low of $13.25 and then once it sustains a move or close above Monday's high of $14.22 with volume that hits near or above 121,175 shares. If we get that move soon, then FSYS will set up for a powerful bounce that could take the stock back towards $16 to its 200-day at $17.05.