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 Stocks Poised for Breakouts Advanced Emissions Solutions Advanced Emissions Solutions ( ADES) is mainly engaged in providing environmental technologies and specialty chemicals to the coal-burning utility industry. This stock is trading up 6.8% at $36.14 in recent trading. Today's Volume: 175,000
Average Volume: 75,425
Volume % Change: 323% >>5 Trades to Take as Stocks Soar in May From a technical perspective, ADES is bouncing higher here right above some near-term support at $32.02 with above-average volume. This move has started to push shares of ADES into breakout territory, since the stock has taken out its 52-week high at $35.72. At last check, ADES has hit an intraday high of $37 and volume is well above its three-month average action of 75,425 shares. Traders should now look for long-biased trades in ADES as long as it's trending above $34 or $35.72 and then once it sustains a move or close above $37 with volume that hits near or above 75,425 shares. If we get that move soon, then ADES will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that move are $40 to $42. Pharmerica Pharmerica ( PMC) is an institutional pharmacy services company that services health care facilities and provides management pharmacy services to hospitals. This stock is trading up 4.2% at $14.70 in recent trading.