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 Insiders Love Right Now
Three-Month Average Volume: 410,726
Volume % Change: 59% >>5 Stocks Set to Soar on Bullish Earnings From a technical perspective, AZPN spiked modestly higher here right off some near-term support at $37 with above-average volume. This stock has been trending sideways and consolidating for the last month, with shares moving between $36 on the downside and $39.02 on the upside. This spike higher on Wednesday is now starting to push shares of AZPN within range of triggering a breakout trade above the upper-end of its recent range. That breakout will hit if AZPN manages to take out some key overhead resistance levels at $38.42 to its 52-week high at $39.02 with high volume. Traders should now look for long-biased trades in AZPN as long as it's trending above support at $37 or at $36 and then once it sustains a move or close above those breakout levels with volume that's near or above 410,726 shares. If that breakout hits soon, then AZPN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $45 to $47.