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: 4.49 million
Volume % Change: 187% From a technical perspective, LVS spiked higher here right above its 50-day moving average of $69.66 with above-average volume. This move pushed shares of LVS into breakout and new 52-week-high territory, since this stock took out some near-term overhead resistance levels at $72.79 to $73.49. Market players should now look for a continuation move higher in the short-term if LVS can manage to take out Wednesday's high of $74.94 with bullish upside volume. Traders should now look for long-biased trades in LVS as long as it's trending above Wednesday's low of $71.40 or above its 50-day at $69.66, and then once it sustains a move or close above Wednesday's high of $74.94 with volume that hits near or above 4.49 million shares. If we get that move soon, then LVS will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that move are $80 to $83.