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 Set to Soar on Bullish Earnings
Three-Month Average Volume: 162,828
Volume % Change: 125% From a technical perspective, CEMP spiked higher here into new all-time high territory with above-average volume. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $6.95 to its intraday high of $13.63. During that uptrend, shares of CEMP have been making mostly higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move higher in the short-term if CEMP can manage to clear Monday's high of $13.63 with strong volume. Traders should now look for long-biased trades in CEMP as long as it's trending above some near-term support at $12.50 and then once it sustains a move or close above Monday's high of $13.63 with volume that hits near or above 162,828 shares. If we get that move soon, then CEMP will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that move are $17 to $18.