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." >>5 Stocks Poised to Pop on Bullish Earnings 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 today.
Cornerstone OnDemand ( CSOD) is a global provider of a learning and talent management solutions delivered as software-as-a-service. This stock is trading up 6.3% at $26.70 in recent trading.Today's Volume: 360,000 Average Volume: 348,569 Volume % Change: 79% >>5 Tech Stocks to Trade (or Not) From a technical perspective, CSOD is gapping up sharply here off some near-term support at $25 with above average volume. This move has also pushed CSOD above some near-term overhead resistance at $26.40. At last check, CSOD has hit an intraday high of $27.50 but it has subsequently pulled back to its current price of $26.70. Traders should now look for long-biased traders as long as CSOD is trending above $26.00 to $27.50 with strong upside volume flows. I would consider any upside volume day that registers near or above 348,569 shares as bullish. If we CSOD can maintain that trend, then this stock has a great chance of tagging its August high of $29.71. Keep in mind that any move over $29.71 would push CSOD into all-time high territory, which is bullish technical price action.
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