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 Stocks Set to Soar on Bullish Earnings With that in mind, let's take a look at several stocks rising on unusual volume today. Customers Bancorp Customers Bancorp ( CUBI) provides various banking and financial products and services to small businesses, not-for-profits and consumers. This stock closed up 4.1% at $19.02 in Wednesday's trading session. Wednesday's Volume: 1.04 million
Three-Month Average Volume: 91,155
Volume % Change: 1061% From a technical perspective, CUBI spiked sharply higher here with monster upside volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $16.50 to its recent high of $19.31. During that uptrend, shares of CUBI have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CUBI within range of triggering a big breakout trade. That trade will hit if CUBI manages to take out Wednesday's high at $19.09 to its all-time high at $19.31 with high volume. Traders should now look for long-biased trades in CUBI as long as it's trending above Wednesday's low of $18.31 or above $17.50 and then once it sustains a move or close above those breakout levels with volume that's near or above 91,155 shares. If that breakout hits soon, then CUBI will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $23 to $25.