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 With Big Insider Buying
Three-Month Average Volume: 93,755
Volume % Change: 195% >>5 Stocks Set to Soar on Bullish Earnings From a technical perspective, CLFD ripped higher here and broke out above its former 52-week high at $17.12 with strong upside volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $10.18 to its intraday high of $17.70. During that uptrend, shares of CLFD have been consistently making higher lows and higher highs, which is bullish technical price action. Traders should now look for long-biased trades in CLFD as long as it's trending above Wednesday's low of $16.48 or above $15.50 and then once it sustains a move or close above its new 52-week high at $17.70 volume that this near or above 93,755 shares. If we get that move soon, then CLFD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $23 to $25.