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." 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 Biotech stocks Poised for Breakouts With that in mind, let's take a look at several stocks rising on unusual volume today.
Ocean Rig UDW
Changeyou.comChangeyou.com ( CYOU) is an online game developer and operator in China. Changyou is engaged in the development, operation and licensing of online games, including massively multiplayer online games, which are interactive online games. This stock is trading up 4.4% at $19.83 in recent trading. Today's Volume: 224,000 Average Volume: 153,841 Volume % Change: 103% Shares of CYOU are trending higher in front of its earnings report which is set for Monday, August 6, 2012. From a technical perspective, CYOU is ripping higher here and breaking out above some near-term overhead resistance at $19.24 with heavy volume. This move is quickly pushing CYOU within range of taking out its 50-day moving average of $20.37. Traders should now look for long-biased trades in front of its earnings report, if CYOU can sustain a move or close above its 50-day with high volume. Look for volume on that move that's near or above 153,841 shares. If we get that action soon, then CYOU will have a great chance of tagging its next major overheard resistance levels of $21.70 to $22.70 ahead of its earnings report. 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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