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: 1.67 million
Volume % Change: 124% >>5 Stocks Set to Soar on Bullish Earnings From a technical perspective, MCO spiked sharply higher here back above its 50-day at $63.14 and into breakout territory above $62.65 with above-average volume. This stock also flirted with some near-term overhead resistance at $65.83, before closing at $64.68. Shares of MCO are now starting to move within range of triggering a major breakout trade. That trade will hit if MCO manages to take out Wednesday's high of $67.05 and then when it clears its 52-week high at $69.70 with high volume. Traders should now look for long-biased trades in MCO as long as it's trending above its 50-day at $63.14 and then once it sustains a move or close above those breakout levels with volume that's near or above 1.67 million shares. If that breakout hits soon, then MCO will set up to enter new 52-week-high territory above $69.70, which is bullish technical price action. Some possible upside targets off that move are $75 to $77.