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: 1.32 million
Volume % Change: 155% >>5 Dogs of the Dow to Stomp the Market From a technical perspective, AOL spiked sharply higher here right off its 200-day moving average of $35.71 with strong upside volume. This move pushed shares of AOL into breakout territory, since the stock took out some near-term overhead resistance at $36.30. Shares of AOL are now quickly moving within range of triggering another big breakout trade. That trade will hit if AOL manages to clear Wednesday's high of $37.34, and then once it takes out some past overhead resistance at $38.40 to $38.48 with high volume. Traders should now look for long-biased trades in AOL as long as it's trending above its 200-day at $35.71 or above $35 and then once it sustains a move or close above those breakout levels with volume that's near or above 1.32 million shares. If that breakout triggers soon, then AOL will set up to re-test or possibly take out its next major overhead resistance levels at $42.12 to its 52-week high at $43.93.