WINDERMERE, Fla. (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.
Unusual volume can also be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well before a large spike, so it's always a smart move to monitor unusual volume. That said, remember to combine trend and price action with unusual volume. Put them all together to help you decipher the next big trend for any stock.With that in mind, let's take a look at several stocks rising on unusual volume today. >>5 Big Stock Charts You Need to See Vivus (VVUS) This is a biopharmaceutical company engaged in the development and commercialization of therapeutic products for large underserved markets. This stock closed up 8.1% at $14.87 in recent trading. Today's Volume: 18.52 million Average Volume: 4.82 million Volume % Change: 256% Shares of VVUS are ripping higher today after the company said it shipped 12,978 Qsymia prescriptions in the period ending on Dec. 21, up more than 67% from the previous four-week period. From a technical perspective, VVUS is gapped up sharply higher today with monster upside volume. This move has pushed shares of VVUS into breakout territory, since the stock has cleared some near-term overhead resistance at $14.01. Traders should now look for long-biased trades in VVUS as long as it's trending above that key breakout level of $14.01 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 4.82 million shares as bullish. If VVUS can maintain that trend, then this stock could hit $18 to $20 in the near future. Imax (IMAX) This is an entertainment technology company, specializing in motion picture technologies and large-format motion picture presentations. This stock closed up 5.4% at $24.08 in recent trading.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV