4 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. Often when above-average volume moves into an equity, it precedes a large spike in volatility.

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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 today. MagicJack VocalTec ( CALL)

This company provides telecommunication services. Its services include VoIP services such as magicJack, magicTalk and MagicJack Plus. It also provides Carrier Solutions like infrastructure solutions, Essetra Solutions and applications. This stock is trading up 8.9% at $17.74 in recent trading.

Today's Volume: 1.04 million

Average Volume: 347,441

Volume % Change: 382%

From a technical perspective, CALL is gapping sharply higher here right above some near-term support at $15.50 with monster upside volume. This stock has been trending range bound for the last month, with shares moving between $15.50 on the downside and $17.95 on the upside. Shares of CALL have started to challenge its 50-day moving average at $18.07 today and the upper-end its recent range. At last check, CALL has hit an intraday high of $18.50 and volume is well above its three-month average action of 347,441 shares.

Traders should now look for long-biased trades in CALL as long as it's trending above $17.67 to $18.07, and then once it sustains a breakout above $18.50 with volume that hits near or above 347,411 shares. If that breakout triggers soon, then CALL will set up to re-test or possibly take out its next major overhead resistance levels at $20.39 to its 200-day moving average at $20.78.

GasLog ( GLOG)

This company is an owner, operator and manager of liquefied natural gas (LNG) carriers providing support to international energy companies as part of their LNG logistics chain. This stock is trading up 3.7% at $12.19 in recent trading.

Today's Volume: 308,000

Average Volume: 110,130

Volume % Change: 334%

From a technical perspective, GLOG is bouncing higher here right above its 50-day moving average of $11.69 with above-average volume. This move is quickly pushing GLOG within range of triggering a major breakout trade. That trade will hit if GLOG manages to take out some near-term overhead resistance levels at $12.16 to $12.65 with high volume. At last check, GLOG has hit an intraday high of $12.39 and volume is well above its three-month average action of 110,130 shares.

Traders should now look for long-biased trades in GLOG as long as it's trending above its 50-day at $11.69, and then once it sustains a move or close above those breakout levels with volume that hits near or above 110,130 shares. If that breakout triggers soon, then GLOG will set up to re-test or possibly take its 52-week high of $13.34. Any high-volume move above $13.34 would then push GLOG into new 52-week high territory, which is bullish technical price action. Some possible price targets off that move are $14 to $16.

Barnes & Noble ( BKS)

This company is engaged in sale of trade books, mass market paperbacks, children's books, bargain books, magazines, gift, music and movies direct to customers. This stock is trading up 6.2% at $15.26 in recent trading.

Today's Volume: 3.84 million

Average Volume: 1.23 million

Volume % Change: 421%

Shares of BKS are soaring higher today after Pearson, the world's leading learning company, is making a strategic investment in Nook Media LLC, a subsidiary of BKS. It will pay $89.5 million in cash for a preferred membership interest of about 5% of equity.

From a technical perspective, BKS is bouncing higher here right off its 200-day moving average of $14.54 and back above its 50-day moving average of $15.25 with monster upside volume. This move is quickly pushing BKS within range of triggering a near-term breakout trade. That trade will hit if BKS manages to take out some near-term overhead resistance at $16 with high volume.

Traders should now look for long-biased trades in BKS as long as it's trending above its 200-day at $14.54, and then once it sustains a move or close above $16 with volume that hits near or above 1.23 million shares. If that breakout triggers soon, then BKS will set up to re-test or possibly take out its next major overhead resistance levels at $17.27 to $17.68. Any high-volume move above $17.68 will then put $19 to $20 into focus for shares of BKS.

Resources Connection ( RECN)

This is a professional services firm that provides clients with experienced professionals specializing in finance, accounting, risk management and internal audit, corporate advisory, strategic communications. This stock is trading up 6.2% at $12.12 in recent trading.

Today's Volume: 250,000

Average Volume: 241,259

Volume % Change: 63%

From a technical perspective, RECN is soaring higher here back above its 50-day moving average of $11.86 and right below its 200-day moving average of $12.16 with above-average volume. This move is quickly pushing RECN within range of triggering a near-term breakout trade. That trade will hit if RECN manages to take out some near-term overhead resistance at $12.16 to $12.49 with high volume. At last check, RECN has hit an intraday high of $12.32 and volume is a bit above its three-month average action of 241.259 shares.

Traders should now look for long-biased trades in RECN as long as it's trending above its 50-day at $11.86, and then once it sustains a move or close above those breakout levels with volume that hits near or above 241,259 shares. If that breakout triggers soon, then RECN will set up to re-test or possibly take out its next major overhead resistance levels at $13.25 to $13.61. Any high-volume move above $13.61 will then put $14.28 into focus for shares of RECN.

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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.