LK has been on a tear recently, up about 35% in the last month. The move upward has been supported by heavy volume.
It caught my attention on Friday, 1/17/20 as it gapped up in the premarket and was approaching the psychological whole number $50.00. Because LK was above its all-time-high (ATH), there were no support/resistance levels besides whole numbers. Many short term traders place their profit targets at these whole numbers.
I saw a lot of buyers step into LK in the first minute of trading. The stock pulled back a little bit and I entered a small initial position with my stop a few cents below vwap (red line). I took this trade because it had strong upward momentum, paused on lesser volume, then continued. As it went up, I saw big offers at $50.00 which is a very bullish signal. I added size on another pullback, then again as strength continued. LK showed some resistance at $50.00 so I took a bit of profit, then scaled out as it breezed through the $50.00 level.