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 Rocket Stocks for Turkey Day Trading
Three-Month Average Volume: 163,212
Volume % Change: 146% From a technical perspective, ABCO spiked higher here back above its 50-day moving average of $63.18 with above-average volume. This move also pushed shares of ABCO into breakout territory, since the stock took out some near-term overhead resistance at $62.98. Market players should now look for a continuation move higher in the short-term if ABCO can manage to take out Monday's high of $64.53 with high volume. Traders should now look for long-biased trades in ABCO as long as it's trending above $62 and then once it sustains a move or close above Monday's high of $64.53 with volume that hits near or above 163,212 shares. If we get that move soon, then ABCO will set up to re-test or possibly take out its next major overhead resistance levels at $66 to $70. Bloomin' Brands Bloomin' Brands ( BLMN) operates as a casual dining restaurant company. This stock closed up 5.7% at $26.91 in Monday's trading session.