MADISON, 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.Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors."
Average Volume: 553,889
Volume % Change: 142% Shares of WLK are trending higher here after the company delivered a profit that beat Wall Street's expectations but missed on beating revenue expectations. Adjusted earnings per share rose 40.46% to $1.84 vs. EPS of $1.31 in the year-earlier quarter. Revenue decreased 16.45% to $864.6 million from the year-earlier quarter. >>5 Stocks Poised for Breakouts From a technical perspective, WLK is gapping higher here and quickly approaching its 50-day moving average at $88.05 with above-average volume. This move is starting to push shares of WLK within range of triggering a major breakout trade. That trade will hit if WLK manages to take out its 50-day at $88.05 and then once it clears more resistance at $88.98 with high volume. Traders should now look for long-biased trades in WLK as long as it's trending above today's low of $84.65 and then once it sustains a move or close above those breakout levels with volume that hits near or above 553,889 shares. If that breakout triggers soon, then WLK will set up to re-test or possibly take out its next major overhead resistance levels at $92.50 to $95.