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TheStreet Open House

4 Stocks Spiking on Big Volume

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.

Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors."

>>5 Stocks Poised for Breakouts

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 Toxic Stocks You Need to Sell

Lions Gate Entertainment

Lions Gate Entertainment ( LGF) is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, new channel platforms and international distribution and sales. This stock is trading up 2.6% at $24.57 in recent trading.

Today's Volume: 1.58 million
Average Volume: 1.32 million
Volume % Change: 138%

>>5 Rocket Stocks to Buy as Stocks Bounce

From a technical perspective, LGF is trending higher here right above its 50-day moving average at $22.36 with above-average volume. This move has started to push shares of LGF into breakout territory, since the sock has taken out some near-term overhead resistance levels at $24.12 to $24.15. At last check, shares of LGF have hit an intraday high of $25.05 and volume has just started to surpass its three-month average action of 1.32 million shares.

Traders should now look for long-biased trades in LGF as long as it's trending above today's low of $23.67, and then once it sustains a move or close above those breakout levels at $24.12 to $24.15 and above today's high of $25.05 with volume that hits near or above 1.32 million shares. If LGF can maintain this move, then this stock will set up to enter new 52-week-high territory above $25.05, which is bullish technical price action. Some possible upside targets $28 to $30.

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