5 Stocks Rising on Unusual Volume

Delafield, 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.

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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.

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

Stratasys

Stratasys ( SSYS) is a global provider of additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. This stock is trading up 5.7% at $89.11 in recent trading.

Today's Volume: 857,000
Average Volume: 700,684
Volume % Change: 69%

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From a technical perspective, SSYS is ripping higher here right above its 50-day moving average at $83.69 and breaking out above some near-term overhead resistance at $87.99 with above-average volume. This move is quickly pushing shares of SSYS within range of triggering another major breakout trade. That trade will hit if SSYS manages to take out some near-term overhead resistance levels at $90.50 to $92.90 and then once it clears its all-time high at $94.90 with high volume.

Traders should now look for long-biased trades in SSYS as long as it's trending above $87.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 700,684 shares. If that breakout triggers soon, then SSYS will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $100 to $110.

The Jones Group

The Jones Group ( JNY) designs, markets and wholesales branded apparel, footwear, jeanswear, jewelry and handbags. This stock is trading up 5.4% at $14.41 in recent trading.

Today's Volume: 978,000
Average Volume: 862,543
Volume % Change: 85%

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From a technical perspective, JNY is ripping higher here back above its 50-day moving average of $14.23 with above-average volume. This move is quickly pushing shares of JNY within range of triggering a major breakout trade. That trade will hit if JNY manages to take out some near-term overhead resistance levels at $14.89 to $15.20 and then once it clears its 52-week high at $15.25 with high volume.

Traders should now look for long-biased trades in JNY as long as it's trending above its 50-day at $14.23 or above today's low of $13.78 and then once it sustains a move or close above those breakout levels with volume that hits near or above 862,543 shares. If that breakout triggers soon, then JNY will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $19 to $20.

Rudolph Technologies

Rudolph Technologies ( RTEC) designs, develops and manufactures high-performance process control defect inspection, advanced packaging lithography, metrology and process control software systems used by microelectronics device manufacturers. This stock is trading up 4.1% at $11.90 in recent trading.

Today's Volume: 177,000
Average Volume: 210,706
Volume % Change: 50%

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From a technical perspective, RTEC is spiking sharply higher here off its 200-day moving average of $11.48 and back above its 50-day moving average of $11.68 with decent upside volume. This move is quickly pushing shares of RTEC within range of triggering a major breakout trade, which will hit if RTEC manages to take out some key near-term overhead resistance levels at $12.25 to $12.65 with high volume.

Traders should now look for long-biased trades in RTEC as long as it's trending above its 200-day at $11.48 or above some more near-term support at $11.18, and then once it sustains a move or close above those breakout levels with volume that this near or above 210,706 shares. If that breakout triggers soon, then RTEC will set up to re-fill some of its previous gap-down zone from February that started near $14. Any high-volume move above $14 to $14.10 will then give RTEC a chance to tag $15 to $16.

Carmike Cinemas

Carmike Cinemas ( CKEC) a motion picture exhibitor in the U.S., owns and operates 249 theatres with 2,502 screens located in 35 states. This stock is trading up 2.9% to $19.79 in recent trading.

Today's Volume: 127,000
Average Volume: 151,803
Volume % Change: 50%

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From a technical perspective, CKEC is trending higher here with decent upside volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $15.44 to its recent high of $20. During that uptrend, shares of CKEC have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CKEC within range of triggering a near-term breakout trade. That trade will hit if CKEC manages to take out its 52-week high at $20 with high volume.

Traders should now look for long-biased trades in CKEC as long as it's trending above some near-term support at $18, and then once it sustains a move or close above its 52-week high at $20 with volume that hits near or above 151,803 shares. If that breakout hits soon, then CKEC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $25 to $27.

Wabco

Wabco ( WBC) is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers. It also provides advanced braking, stability, suspension and air compressing systems. This stock is trading up 2.2% at $76.11 in recent trading.

Today's Volume: 477,000
Average Volume: 537,741
Volume % Change: 50%

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From a technical perspective, WBC is spiking modestly higher here right off its 50-day moving average of $74.73 with decent upside volume. This move is quickly pushing shares of WBC within range of triggering a near-term breakout trade. That trade will hit if WBC manages to take out some near-term overhead resistance levels at $77 to $77.47 and then once it clears more resistance at $77.57 to its 52-week high at $78.62 with high volume.

Traders should now look for long-biased trades in WBC as long as it's trending above its 50-day at $74.73, and then once it sustains a move or close above those breakout levels with volume that's near or above 537,741 shares. If that breakout triggers soon, then WBC will set up to enter new 52-week-high territory above $78.62, which is bullish technical price action. Some possible upside targets off that breakout are $80 to $85.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., 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.

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