MADISON, Wis. ( 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.Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors." >>5 Stocks Poised to Break Out 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. >>5 Stocks Set to Soar on Bullish Earnings
Average Volume: 868,292
Volume % Change: 129% >>3 Health Care Stocks Under $10 to Watch From a technical perspective, OPTR is bouncing strongly to the upside here right above its 200-day moving average at $12.21 with heavy upside volume. This move is quickly pushing shares of OPTR within range of triggering a near-term breakout trade. That trade will hit if OPTR manages to take out its 50-day moving average at $13.71 and then once it clears more resistance at $14.25 with high volume. Traders should now look for long-biased trades in OPTR as long as it's trending above $13 and then once it sustains a move or close above those breakout levels with volume that hits near or above 868,292 shares. If that breakout triggers soon, then OPTR will set up to re-test or possibly take out its next major overhead resistance levels at $15 to $15.71.
Average Volume: 807,960
Volume % Change: 128% >>5 Rocket Stocks to Buy This Week From a technical perspective, PCYC is gapping up sharply higher here back above its 50-day moving average of $81.56, and it's breaking out above some near-term overhead resistance at $84.67 with above-average volume. This move has now started to push shares of PCYC above the upper-end of its recent sideways trading range between $71.85 on the downside and $84.67 on the upside. Traders should now look for long-biased trades in PCYC as long as it's trending above that key near-term breakout level of $84.67 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 807,960 shares as bullish. If PCYC can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $90.50 to $95.
Average Volume: 122,573
Volume % Change: 149% >>4 Hot Stocks to Trade (or Not) From a technical perspective, NLNK is ripping higher here and breaking out above some near-term overhead resistance at $15.61 with above-average volume. This stock has been uptrending strong for the last month, with shares soaring higher from its low of $11.19 to its intraday high of $16.21. During that move, shares of NLNK have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of NLNK within range of triggering another major breakout trade. That trade will hit if NLNK manages to take out some past overhead resistance at $16.55 with high volume. Traders should now look for long-biased trades in NLNK as long as it's trending above today's low of $15.24 or above $15 and then once it sustains a move or close above $15.61 to $16.55 with volume that hits near or above 122,573 shares. If that breakout triggers soon, then NLNK will set up to re-test or possibly take out its all-time high at $18. To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Madison, Wis.
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