The monthly time frame isn't for trading off of, i

The monthly time frame isn't for trading off of, it is for watching the pattern and trend in a bigger context. Most technical traders have an intraday chart, daily, weekly, and monthly chart setup for when they scan through stocks. With respect to the close above the 20 MA on the monthly it's a textbook breakout signal, for more info you'll have to do some background reading on the subject.

The volume trends are good. We hit our YTD high on 3 million shares which is the highest volume this month. It was also the 3rd highest volume day since April. Most pro traders don't hit the bid, they unload into ask a piece at a time.

All you really need to focus on is the fact that the hourly, daily, weekly, and monthly charts are all in alignment on the uptrend and that we are into the same time frame last year when the stock had it's last rally.