8 Stocks Rising on Unusual Volume

WINDERMERE, Fla. ( 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. Many times when above average volume moves into 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."

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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.

Let's take a look at several stocks rising on unusual volume today.

Titan Machinery

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Titan Machinery ( TITN) is a retail dealer of Case IH Agriculture equipment and a retail dealer of New Holland Agriculture, Case Construction and New Holland Construction equipment in the U.S. This stock is trading up 6% at $28.97 in recent trading.

Today's Volume: 330,000

Average Volume: 186,025

Volume % Change: 289%

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Shares of TITN are ripping higher today after an analyst at Robert W. Baird upgraded the stock from neutral to outperform, and raised its price target to $37 from $29.

From a technical perspective, TITN is gapping higher today on above-average volume. This move has pushed the stock into breakout territory now that shares are moving above some near-term overhead resistance at $28.76 to $29.68.

Traders should continue to look for long-biased trades in TITN as long as it continues to trend above those breakout levels. If we continue to see that action, then look for TITN to hit its next significant overhead resistance levels at $30.97 to $32.03 in the very near future.

Anika Therapeutics

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Anika Therapeutics ( ANIK) develops, manufactures and commercializes therapeutic products for tissue protection, healing and repair. The stock is trading up 5.2% at $13.89 in recent trading.

Today's Volume: 189,000

Average Volume: 69,428

Volume % Change: 406%

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From a technical perspective, ANIK is ripping higher today on heavy volume. This move has triggered a near-term breakout trade now that ANIK has taken out some overhead resistance at $12.95 with volume.

Traders should continue to look for long-biased trades in ANIK as long as it's trending above $12.95 with strong upside volume flows. Also, look for ANIK to close near its daily highs today as a sign of more strength to come in the stock. If we continue to see that action, then look for ANIK to hit $15 to $17 in the near future.

MagicJack VocalTec

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MagicJack VocalTec ( CALL) is a provider of carrier-class voice over Internet protocol (VoIP) and convergence solutions for fixed and wireless communication service providers. This stock is trading up 10.9% at $23.88 in recent trading.

Today's Volume: 1 million

Average Volume: 384,892

Volume % Change: 411%

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Shares of CALL are soaring today after the company said it expects to post a steep increase in first-quarter profits and sales and plans to resume its stock buyback program.

From a technical perspective, CALL is gapping up sharply higher today and moving back above its 50-day moving average of $21.22 on monster volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once CALL can sustain a move and close above some near-term overhead resistance at $23.10.

At last check, the stock has hit a daily high today of $24.10. If we get a strong close on CALL, then traders should continue to look for long-biased trades as long as it's trending above $23.10 and it closes near its daily highs. A potential target if the strength continues is CALL's recent high of $28.22.

Randgold Resources

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Randgold Resources ( GOLD) is engaged in gold mining, exploration and related activities. The stock is trading up 9.6% at $89.16 in recent trading.

Today's Volume: 1.2 million

Average Volume: 729,952

Volume % Change: 226%

Shares of GOLD are surging higher after Stifel Nicolaus upgraded the stock from hold to buy and issued a $110 price target. The firm said that GOLD maintains an attractive growth profile, stable operating margin outlook and favorable exploration opportunities.

From a technical perspective, GOLD is gapping up huge today on heavy volume. Despite this large move, the stock is still trading below both its 50-day and 200-day moving averages, which is bearish. That said, if the stock can manage to close near its daily highs today, then it could make a run at its next significant overhead resistance level of $94.77.

Traders should look for long-biased trades only if GOLD closes near its daily highs, then take those highs out on Tuesday with volume. Look for volume on that move that's near or well above 729,952 shares. If get that action, and then a move over $94.77, look for GOLD to fill some of its recent gap down in price from $105.

Randgold, one of 9 Gold, Oil Stocks That Rise on Bad News, shows up on a list of 8 Stocks John Paulson Loves.

SodaStream International

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SodaStream International ( SODA), along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. This stock is trading up 2.6% at $34.25 in recent trading.

Today's Volume: 1 million

Average Volume: 1.4 million

Volume % Change: 50%

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From a technical perspective, SODA is bouncing notably higher today with decent volume right off a previous support level at $32. This move is pushing the stock within range of triggering a near-term breakout trade. That trade will hit once SODA can sustain a move and close above some overhead resistance at $34.12 with volume.

Look for volume on a move above that level that's near or well above 1.4 million shares. If we get that action soon, traders should look for long biased trades in SODA as long as it's trending above $34.12, and within range of its daily highs. If we get that action soon, look for SODA to make a run at its 50-day moving average of $37.91.

InterDigital

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InterDigital ( IDCC) designs and develops advanced technologies, which enable wireless communications and monetizes such technologies through licensing and other revenue opportunities. This stock is trading up 3.3% at $34.45 in recent trading.

Today's Volume: 537,000

Average Volume: 1 million

Volume % Change: 50%

Shares of IDCC are moving notably higher today off the news that AOL ( AOL) closed a deal to sell Microsoft over $1 billion in patents

From a technical perspective, IDCC is bouncing off of some near-term support at $33.42 with decent volume. That said, IDCC is still trading below both its 50-day and 200-day moving averages, which is bearish.

Traders should only look for long-biased trades in IDCC if this stock can manage to close near its daily highs today with strong volume. Look for volume that's near or well above 1 million shares. If we get that action, then it's possibly that IDCC could make a run at its 50-day moving average of $37.23 in the near-term. Any long trades should be avoided if IDCC takes out today's low of $34.09 with heavy volume.

InterDigital is one of John Paulson's top holdings, as of the most recently reported quarter.

Schnitzer Steel Industries

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Schnitzer Steel Industries ( SCHN) is a recycler of ferrous and nonferrous scrap metal. This stock is trading up 1% at $39.88 in recent trading.

Today's Volume: 227,000

Average Volume: 307,245

Volume % Change: 50%

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From a technical perspective, SCHN is following through from some earnings-related strength that showed up last week.

Traders should now look for long-biased trades as long as SCHN can manage to close near its daily highs with strong volume. At last check, the high for SCHN today is $40.68 and volume is tracking in a bit below its average daily volume. If we get a close near its daily highs with volume that's near or above 307,245 shares, then look for SHCN to make a run at its 50-day moving average of $42.88 in the near future.

Ventrus Biosciences

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Ventrus Biosciences ( VTUS) is a specialty pharmaceutical company focused on the development and commercialization of late-stage prescription drugs for gastrointestinal disorders, specifically hemorrhoids, anal fissures and fecal incontinence. This stock is trading up 1.5% at $10.13 in recent trading.

Today's Volume: 120,000

Average Volume: 76,941

Volume % Change: 117%

From a technical perspective, VTUS is starting to bounce today right off its 50-day moving average of $10.10 with above average volume. This move is quickly pushing the stock within range of triggering a major near-term breakout trade. That trade will hit once VTUS takes out some near-term overhead resistance at $11.15 to $12 with high volume.

Traders should look for long-biased trades if VTUS can sustain a move and close over $11.15 to $12 with volume that's near or well above 76,941 shares. If we get that action today or soon, look for VTUS to make a run at $15 or higher in the near future.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.