Loral Space & Communications (LORL), a satellite communications company, provides satellite-based services to broadcast, telecom, corporate, and government customers worldwide.  This stock closed up 1.6% at $80.30 in Monday's trading session.

Monday's Volume: 233,000
Three-Month Average Volume: 64,146
Volume % Change: 290%

From a technical perspective, LORL trended modestly higher here right off its 50-day moving average of $77.05 with above-average volume. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $71.86 to its intraday high of $80.31. During that move, shares of LORL have been consistently making higher lows and higher highs, which is bullish technical price action. This spike on Monday is now quickly pushing shares of LORL within range of triggering a big breakout trade. That trade will hit if LORL manages to take out Monday's high of $80.31 to its 52-week high at $82.31 with high volume.

Traders should now look for long-biased trades in LORL as long as it's trending above its 50-day at $77.05 and then once it sustains a move or close above those breakout levels with volume that's near or above 64,146 shares. If that breakout materializes soon, then LORL will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $85 to $90.

ChannelAdvisor (ECOM) provides software-as-a-service (SaaS) solutions worldwide. This stock closed up 2.2% at $46.42 in Monday's trading session.

Monday's Volume: 814,000
Three-Month Average Volume: 399,108
Volume % Change: 165%

From a technical perspective ECOM trended notably higher here right above its 50-day moving average of $42.74 with above-average volume. This stock recently trended back above its 50-day moving average and broke out above some near-term overhead resistance at $43.59 with strong volume. This spike on Monday is now quickly moving shares of ECOM within range of triggering a major breakout trade. That trade will hit if ECOM manages to take out some near-term overhead resistance levels at $47.25 to its all-time high at $49.75 with high volume.

Traders should now look for long-biased trades in ECOM as long as it's trending above $44 or above its 50-day at $42.74 and then once it sustains a move or close above those breakout levels with volume that's near or above 399,108 shares. If that breakout materializes soon, then ECOM will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $55 to $60, or even $65.

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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