5 Stocks Spiking 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. Often when above-average volume moves into an equity, it precedes a large spike in volatility.

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.

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

Inventure Foods

Inventure Foods (SNAK) manufactures and markets healthy/natural and indulgent specialty snack food products in the U.S. and internationally. This stock closed up 2.4% at $13.04 in Monday's trading session.

Monday's Volume: 337,000
Three-Month Average Volume: 116,897
Volume % Change: 145%

From a technical perspective, SNAK spiked higher here right off its 200-day moving average of $12.56 with above-average volume. This stock recently broke out above some key near-term overhead resistance levels at $12.69 to $13.29 with strong upside volume flows. Shares of SNAK tagged a recent high of $13.94, before the stock pulled back to Monday's intraday low of $12.62. Market players should now look for a continuation move to the upside in the short-term if SNAK manages to take out Monday's intraday high of $13.17 to some more near-term overhead resistance at $13.94 with high volume.

Traders should now look for long-biased trades in SNAK as long as it's trending above its 200-day at $12.56 or above more near-term support at $12.25 and then once it sustains a move or close above $13.17 to $13.94 with volume that this near or above 116,897 shares. If that move develops soon, then SNAK will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $14.50. Any high-volume move above $14.50 will then give SNAK a chance to trend north of $15.

21Vianet Group

21Vianet Group (VNET) provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises and small- to mid-sized enterprises in the People's Republic of China. This stock closed up 8% at $21.46 in Monday's trading session.

Monday's Volume: 7.99 million
Three-Month Average Volume: 2.05 million
Volume % Change: 225%

From a technical perspective, VNET ripped sharply higher here with strong upside volume flows. This stock recently plunged sharply lower from its high of $31.65 to its recent low of $14.23 with heavy downside volume flows. Following that move, shares of VNET have started to form a V-shaped bottom with the stock rebounding sharply off that $14.23 low to its intraday high on Monday of $22.68. Market players should now look for a continuation move to the upside in the short-term if VNET manages to take out Monday's intraday high of $22.68 with high volume.

Traders should now look for long-biased trades in VNET as long as it's trending above Monday's intraday low of $18.80 or above $18 and then once it sustains a move or close above $22.68 with volume that hits near or above 2.05 million shares. If that move materializes soon, then VNET will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $25.62 to its 50-day moving average of $27.61.

China Biologic Products

China Biologic Products (CBPO) , a biopharmaceutical company, is engaged in the research, development, manufacture, and sale of human plasma-based biopharmaceutical products to hospitals and inoculation centers. This stock closed up 0.95% at $54.28 in Monday's trading session.

Monday's Volume: 140,000
Three-Month Average Volume: 69,736
Volume % Change: 129%

From a technical perspective, CBPO trended modestly higher here right above some near-term support at $51.51 with above-average volume. This jump to the upside on Monday is starting to push shares of CBPO within range of triggering a major breakout trade. That trade will hit if CBPO manages to take out Monday's intraday high of $55 to its 52-week high of $58 with high volume.

Traders should now look for long-biased trades in CBPO as long as it's trending above some key near-term support at $52 or at $51.51 and then once it sustains a move or close above those breakout levels with volume that's near or above 69,736 shares. If that breakout materializes soon, then CBPO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $65 to $70.

Cliffs Natural Resources

Cliffs Natural Resources (CLF) , a mining and natural resources company, produces iron ore and metallurgical coal. This stock closed up 5.9% at $14.98 in Monday's trading session.

Monday's Volume: 9.28 million
Three-Month Average Volume: 5.86 million
Volume % Change: 69%

From a technical perspective, CLF ripped sharply higher here right above some near-term support at $13.64 with above-average volume. This stock recently formed a double bottom chart pattern at $13.48 to $13.64. Following that bottom, shares of CLF have now started to rebound higher with decent upside volume flows. Market players should now look for a continuation move higher in the short-term if CLF manages to take out Monday's intraday high of $15.01 with high volume.

Traders should now look for long-biased trades in CLF as long as it's trending above those double bottom support zones and then once it sustains a move or close above $15.01 with volume that's near or above 5.86 million shares. If that move gets started soon, then CLF will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $15.76 to $16.50. Any high-volume move above $16.50 will then give CLF a chance to tag $17 to $18.

The Hanover Insurance Group

The Hanover Insurance Group (THG) , through its subsidiaries, underwrites commercial and personal property, and casualty insurance products and services in the U.S. This stock closed up 1.6% at $62.12 in Monday's trading session.

Monday's Volume: 377,000
Three-Month Average Volume: 227,727
Volume % Change: 86%

From a technical perspective, THG trended modestly higher here back above its 50-day moving average of $61.69 with above-average volume. This move to the upside on Monday is starting to push shares of THG within range of triggering a major breakout trade. That trade will hit if THG manages to clear Monday's intraday high of $62.44 and then once it takes out more key overhead resistance levels at $63.61 to its 52-week high at $64.42 with high volume.

Traders should now look for long-biased trades in THG as long as it's trending above some key near-term support levels at $60.12 to its 200-day at $59.54 and then once it sustains a move or close above those breakout levels with volume that's near or above 227,7272 shares. If that breakout materializes soon, then THG will set up to enter new 52-week-high territory above $64.42, which is bullish technical price action. Some possible upside targets off that breakout are $70 to $75.

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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