MADISON, 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.
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 Rocket Stocks to Buy as Stocks Bounce Triumph Group Triumph Group (TGI) designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. This stock closed up 4.4% at $78.31 on Tuesday. Tuesday's Volume: 1.22 million
Average Volume: 470,512
Volume % Change: 154% >>5 Stocks Under $10 Set to Soar From a technical perspective, TGI gapped sharply higher here back above its 50-day moving average at $77.09 with heavy upside volume. This move is quickly pushing shares of TGI within range of triggering a major breakout trade. That trade will hit if TGI manages to take out some near-term overhead resistance levels at $80.50 to its 52-week high at $81.80 with high volume. Traders should now look for long-biased trades in TGI as long as it's trending above its 50-day at $77.09 and then once it sustains a move or close above those breakout levels with volume that hits near or above 470,512 shares. If that breakout triggers soon, then TGI will set up to enter new 52-week-high territory above $81.80, which is bullish technical price action. Some possible upside targets off that breakout are $85 to $90. Forward Air Forward Air (FWRD) provides surface transportation and related logistics services to the North American deferred air freight market. This stock closed up 2% to $39.62 on Tuesday.
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