4 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.

>>5 Stocks Insiders Love Right Now

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 Set to Soar on Bullish Earnings

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

Las Vegas Sands

Las Vegas Sands ( LVS) operates fully integrated resorts featuring casino, hotel, entertainment, food and beverage, retail and convention center operations. This stock closed up 3.9% to $74.51 in Wednesday's trading session.

Wednesday's Volume: 8.19 million
Three-Month Average Volume: 4.49 million
Volume % Change: 187%

From a technical perspective, LVS spiked higher here right above its 50-day moving average of $69.66 with above-average volume. This move pushed shares of LVS into breakout and new 52-week-high territory, since this stock took out some near-term overhead resistance levels at $72.79 to $73.49. Market players should now look for a continuation move higher in the short-term if LVS can manage to take out Wednesday's high of $74.94 with bullish upside volume.

Traders should now look for long-biased trades in LVS as long as it's trending above Wednesday's low of $71.40 or above its 50-day at $69.66, and then once it sustains a move or close above Wednesday's high of $74.94 with volume that hits near or above 4.49 million shares. If we get that move soon, then LVS will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that move are $80 to $83.

If you liked this article you might like

Automation Threatens Some Staffing Agencies According to Credit Suisse

20 Mid-Cap Dividend Growers Are Blips on My Tracking Radar

The Art of Setting Price Targets

Taking Points - or Profits - Off the Board