4 Stocks Rising on Big 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.

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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.

Huron Consulting Group

Huron Consulting Group ( HURN) is a provider of operational and financial consulting services. This stock closed up 2.5% at $60.96 in Monday's trading session.

Monday's Volume: 344,000
Three-Month Average Volume: 120,486
Volume % Change: 148%

From a technical perspective, HURN spiked higher here and tagged a new 52-week high at $61.08 with above-average volume. This stock entered new 52-week high territory after it took out some near-term overhead resistance at $61.01. Market players should now look for a continuation move higher in the short-term if HURN can manage to clear Monday's high of $61.08 with strong volume.

Traders should now look for long-biased trades in HURN as long as it's trending above Monday's low of $59.30 or above more near-term support at $58 and then once it sustains a move or close above its new 52-week high at $61.08 with volume that hits near or above 120,486 shares. If we get that move soon, then HURN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $65 to $68.

TheEnsign Group

TheEnsign Group ( ENSG) offers skilled nursing and rehabilitative care services. This stock closed up 2% at $47.76 in Monday's trading session.

Monday's Volume: 141,000
Three-Month Average Volume: 65,086
Volume % Change: 93%

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