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: 2.95 million
Volume % Change: 173% >>5 Stocks Set to Soar on Bullish Earnings From a technical perspective, DE gapped higher here back above its 200-day moving average of $84.51 with above-average volume. This move briefly pushed shares of DE into breakout territory, since the stock flirted with some near-term overhead resistance levels at $84.75 to $85.16. Shares of DE closed just below those breakout levels at $84.52. Market players should now look for a continuation move higher in the short-term if DE can take out Wednesday's high of $85.49 with strong volume. Traders should now look for long-biased trades in DE as long as it's trending above Wednesday's low of $84.18 or above its 50-day at $82.87 and then once it sustains a move or close above $85.49 with volume that hits near or above 2.95 million shares. If we get that move soon, then DE will set up to re-test or possibly take out its next major overhead resistance levels at $88 to $89. Any high-volume move above $89 will then give DE a chance to tag its next major overhead resistance level at $92.74.