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DELAFIELD, Wis. (Stockpickr) -- Professional traders running mutual funds a.0nd 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.

With that in mind, let's take a look at several stocks rising on unusual volume recently.

Daqo New Energy

Daqo New Energy (DQ) - Get Free Report manufactures and sells polysilicon and wafers in China. This stock is trading up 4.4% to $28.30 in Friday's trading session.

Friday's Volume: 181,000
Three-Month Average Volume: 123,748
Volume Change: 120%

From a technical perspective, DQ is ripping higher here right above some near-term support at $26 with strong upside volume flows. This large spike to the upside here is now quickly pushing shares of DQ within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will trigger if DQ manages to take out some key near-term overhead resistance levels at $28.92 to $29.27 and then above its 200-day moving average of $29.93 and then above more past resistance at $30.03 to $30.95 with high volume.

Traders should now look for long-biased trades in DQ as long as it's trending above Friday's intraday low of $27.26 or above more near-term support at $26 and then once it sustains a move or close above those breakout levels with volume that registers near or above 123,748 shares. If that breakout hits soon, then DQ will set up to re-test or possibly take out its next major overhead resistance levels at $34 to $35, or even $38.

OvaScience

OvaScienceundefined, a life science company, engages in the discovery, development and commercialization of new treatments for infertility. This stock is trading up 7.4% to $31.59 in Friday's trading session.

Friday's Volume: 732,000
Three-Month Average Volume: 724,995
Volume % Change: 89%

From a technical perspective, OVAS is ripping sharply higher here right above some near-term support at $27.87 with decent upside volume flows. This stock has been downtrending badly for the last few weeks, with shares dropping sharply lower from its high of $55.69 to its recent low of $27.87. That low so far has held right above OVAS's 200-day moving average of $27.01. This stock is now starting to rebound off that recent low with decent upside volume flows. Traders should now look for a continuation move higher in the short-term if OVAS manages to take out Friday's intraday high of $32.30 and then once it clears more near-term overhead resistance at $35 to around $35.50 with high volume.

Traders should now look for long-biased trades in OVAS as long as it's trending above Friday's intraday low of $29.58 or above that recent low at $27.87 and then once it sustains a move or close above $32.30 to $35.50 with volume that hits near or above 724,995 shares. If that move gets started soon, then OVAS will set up to re-test or possibly take out its next major overhead resistance levels $37.50 to its 50-day moving average of $42.34.

Icahn Enterprises

Icahn Enterprises (IEP) - Get Free Report, through its subsidiaries, operates in investment, automotive, energy, metals, railcar, gaming, food packaging, real estate and home fashion businesses in the U.S., Germany and internationally. This stock is trading up 2.2% to $92 in Friday's trading session.

Friday's Volume: 155,000
Three-Month Average Volume: 103,934
Volume % Change: 88%

From a technical perspective, IEP is moving notably to the upside here with above-average volume. This stock has been trending range bound over the last month or so, with shares moving between $87.58 on the downside and around $94 on the upside. Shares of IEP are now starting to move within range of triggering a major breakout trade above the upper-end of its recent sideways trending chart pattern. That trade will trigger if IEP manages to clear Friday's intraday high of $93.08 and then above its 50-day moving average of $93.41 and above that important range high at around $94 with high volume.

Traders should now look for long-biased trades in IEP as long as it's trending above Friday's intraday low of $89.86 and then once it sustains a move or close above those breakout levels with volume that hits near or above 103,934 shares. If that breakout triggers soon, then IEP will set up to re-test or possibly take out its next major overhead resistance levels at $96 to its 200-day moving average of $97.89, or even $100.

XPO Logistics

XPO Logistics (XPO) - Get Free Report provides transportation and logistics services primarily in the U.S. This stock is trading up 3.7% to $45.19 in Friday's trading session.

Friday's Volume: 813,000
Three-Month Average Volume: 710,198
Volume % Change: 111%

From a technical perspective, XPO is spiking higher here right above its 50-day moving average of $43.62 with above-average volume. This bullish push to the upside on Friday is now quickly pushing shares of XPO within range of triggering a major breakout trade. That trade will hit if XPO manages to take out some near-term overhead resistance levels at right around $46 to $47 and then above its 52-week high of $47.49 with high volume.

Traders should now look for long-biased trades in XPO as long as it's trending above Friday's intraday low of $44.04 or above its 50-day moving average of $43.62 and then once it sustains a move or close above those breakout levels with volume that registers near or above 701,198 shares. If that breakout gets started soon, then XPO will set up to enter new 52-week high territory above $47.49, which is bullish technical price action. Some possible upside targets off that move are $50 to $55, or even $60.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.