DELAFIELD, 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.>>5 Hated Earnings Stocks You Should Love With that in mind, let's take a look at several stocks rising on unusual volume today. Fairway Group Fairway Group (FWM) sells fresh, natural and organic products, prepared foods and hard to find specialty and gourmet offerings. This stock closed up 10.6% at $24.47 in Monday's trading session. Monday's Volume: 388,000
Three-Month Average Volume: 146,163
Volume % Change: 190% >>5 Big Stocks to Trade for Big Gains From a technical perspective, FWM soared sharply higher here right off some near-term support at $22.03 and back above its 50-day at $24.02 with strong upside volume. This move is quickly pushing shares of FWM within range of triggering a big breakout trade. That trade will hit if FWM manages to take out Monday's high of $25.67 to $25.93 and then once it clears more key overhead resistance levels at $27.31 to its all-time high at $28.87 with high volume. Traders should now look for long-biased trades in FWM as long as it's trending above support at $22.03 and then once it sustains a move or close above those breakout levels with volume that's near or above 146,163 shares. If that breakout hits soon, then FWM will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $33 to $35.
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