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.>>5 Big Stocks to Trade for Big Gains 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. >>5 Stocks Poised to Pop on Bullish Earnings With that in mind, let's take a look at several stocks rising on unusual volume today.
TAL Education Group
Three-Month Average Volume: 269,992
Volume % Change: 175% >>5 Stocks Poised for Breakouts From a technical perspective, XRS spiked higher here right above some near-term support at $15 with above-average volume. This stock has been uptrending very strong for the last six months, with shares soaring higher from its low of $8.88 to its recent high of $16.22. During that uptrend, shares of XRS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of XRS within range of triggering a big breakout trade. That trade will hit if XRS manages to take out Monday's high of $16.18 to its 52-week high at $16.22 with high volume. Traders should now look for long-biased trades in XRS as long as it's trending above some key near-term support levels at $15.50 or at $15 and then once it sustains a move or close above those breakout levels with volume that's near or above 269,992 shares. If that breakout hits soon, then XRS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $20 to $25.
Three-Month Average Volume: 383,468
Volume % Change: 135% >>5 Rocket Stocks to Buy Now From a technical perspective, BCC gapped sharply higher here back above its 50-day moving average at $24.95 and above some near-term overhead resistance at $25.85 with strong upside volume. This move is quickly pushing shares of BCC within range of triggering a major breakout trade. That trade will hit if BCC manages to take out Monday's high of $27.06, and then once it takes out more key overhead resistance levels at $27.03 to $27.15 with high volume. Traders should now look for long-biased trades in BCC as long as it's trending above Monday's low of $25.88 or above its 50-day at $24.95 and then once it sustains a move or close above those breakout levels with volume that's near or above 383,468 shares. If that breakout hits soon, then BCC will set up to re-test or possibly take out its next major overhead resistance levels at $29.50 to $30.50. To see more stocks rising on unusual volume, check out the Stocks Rising pn Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis.
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