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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.
Major moves in volume can signal unusual activity, such as
insider buying or
selling -- or buying or selling by "superinvestors."
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.
>>5 Stocks Insiders are Stashing
With that in mind, let's take a look at
several stocks rising on unusual volume today.Crosstex Energy(XTXI)
This company is engaged in the gathering, transmission, treating, processing and marketing of natural gas and natural gas liquids (NGLs) through its subsidiaries. This stock is trading up 3.9% at $13 in recent trading.
Today's Volume: 322,000
Average Volume: 189,784
Volume % Change: 186%
From a technical perspective, XTXI is gapping up sharply here right above some near-term support at $12.16 with above-average volume. This move is quickly pushing XTXI within range of triggering a near-term breakout trade. That trade will hit once XTXI manages to take out some near-term overhead resistance levels at $13.24 to its 200-day at $13.40 with high volume.
Traders should now look for long-biased trades in XTXI as long as it's trending above $12.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 189,784 shares. If that breakout triggers soon, then XTXI will set up to re-test or possibly take out its next major overhead resistance levels $14.04 to $14.63. Any move above those levels will then put $15.60 to $15.87 into focus for shares of XTXI.
Ferrellgas Partners(FGP - Get Report)