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 Hated Earnings Stocks You Should Love
Three-Month Average Volume: 1.84 million
Volume % Change: 216% From a technical perspective, DVA exploded higher here back above its 200-day moving average of $59.27 with heavy upside volume. This move also pushed shares of DVA into breakout territory, since the stock took out and closed above some near-term overhead resistance at $62.14. Market players should now look for a continuation move higher in the short-term if DVA can manage to take out Monday's high of $62.78 with high volume. Traders should now look for long-biased trades in DVA as long as it's trending above $61 or $60 and then once it sustains a move or close above Monday's high of $62.78 with volume that hits near or above 1.84 million shares. If we get that move soon, then DVA will set up to re-test or possibly take out its next major overhead resistance levels at $65.50 to its 52-week high at $65.67. Any high-volume move above those levels will then give DVA a chance to tag $70.