4 Stocks Rising on Unusual Volume

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."

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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.

With that in mind, let's take a look at several stocks rising on unusual volume today.

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Sodastream International

Sodastream International ( SODA) is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. This stock is trading up 6.9% at $68.23 in recent trading.

Today's Volume: 1.41 million
Average Volume: 881,127
Volume % Change: 141%

Shares of SODA are ripping higher here after Barclays raised its price target on the stock to $100 based on prospects that sales will increase.

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From a technical perspective, SODA is gapping up sharply higher here right off some near-term support at $62.50 with heavy upside volume. This move has started to push shares of SODA into breakout territory, since the stock has taken out some near-term overhead resistance at $66.69. Shares of SODA have also entered new 52-week-high territory and volume is well above its three-month average action of 881,127 shares.

Traders should now look for long-biased trades in SODA as long as it's trending above $66.69 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 881,127 shares as bullish. If SODA can maintain that trend, then this stock set up to break out to a new 52-week high above $69.25. One possible upside target for SODA off that breakout is its all-time high at $79.72.

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