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.

Flex Pharma

Flex Pharma  (FLKS), a biotechnology company, focuses on developing treatments for exercise-associated muscle cramps, nocturnal leg cramps and spasms associated with neuromuscular conditions. This stock is trading up 4.2% to $21.19 in Monday's trading session.

Monday's Volume: 49,000
Three-Month Average Volume: 197,718
Volume % Change: 62%

From a technical perspective, FLKS is spiking higher here right above some near-term support at around $19 with decent upside volume flows. This stock has been trending sideways and consolidating for the last month two months, with shares moving between $19 on the downside and $23.36 on the upside. This spike to the upside on Monday is now starting to push shares of FLKS within range of triggering a big breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will trigger if FLKS manages to take out some key overhead resistance levels at $23.12 to its all-time high of $23.36 with high volume.

Traders should now look for long-biased trades in FLKS as long as it's trending above some key near-term support levels at $19 or above its 50-day at $18.41 and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,718 shares. If that breakout triggers soon, then FLKS will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $30 to $33.

Eversource Energy

Eversource Energy  (ES - Get Report), a public utility holding company, through its subsidiaries, engages in the energy delivery business. This stock is trading up 1.6% to $50.86 in Monday's trading session.

Monday's Volume: 390,000
Three-Month Average Volume: 1.43 million
Volume % Change: 96%

From a technical perspective, ES is spiking higher here right above some near-term support at $49.46 with decent upside volume flows. This stock recently formed a double bottom chart pattern at $49.54 to $49.46. Following that bottom, shares of ES have started to spike higher off those support levels and it's now quickly moving within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will trigger if ES manages to take out some near-term overhead resistance levels at $51.42 to $51.61 with high volume.

Traders should now look for long-biased trades in ES as long as it's trending above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.43 million shares. If that breakout kicks off soon, then ES will set up to re-test or possibly take out its next major overhead resistance levels at $53 to $54, or even $56.

Lions Gate Entertainment

Lions Gate Entertainment  (LGF), an entertainment company, is engaged in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales activities. This stock is trading up 3% at $31.70 in Monday's trading session.

Monday's Volume: 813,000
Three-Month Average Volume: 1.35 million
Volume % Change: 70%

From a technical perspective, LGF is ripping higher here right above some near-term support at $30.70 with solid upside volume flows. This push to the upside on Monday is quickly pushing shares of LGF within range of triggering a big breakout trade above some near-term overhead resistance levels. If that breakout hits, it will give LGF a chance to push into its previous gap-down-day zone from a few weeks ago that started near $34.50. That trade will hit if LGF manages to take out some key near-term overhead resistance levels at its 200-day moving average of $31.84 and then its 50-day moving average of $32.44 with high volume.

Traders should now look for long-biased trades in LGF as long as it's trending above some key near-term support at $30.70 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.35 million shares. If that breakout gets set off soon, then LGF will set up to re-fill some of its previous gap-down-day zone that started near $34.50.

Capella Education

Capella Education  (CPLA), through its subsidiaries, operates as an online postsecondary education services company primarily in the U.S. This stock is trading up 1.9% to $66.70 in Monday's trading session.

Monday's Volume: 74,000
Three-Month Average Volume: 87,613
Volume % Change: 498%

From a technical perspective CPLA is jumping higher here back above both its 200-day moving average of $65.68 and its 50-day moving average of $65.77 with high volume. This stock recently formed a double bottom chart pattern at $64.29 to $64.65. Following that bottom, shares of CPLA have started spike higher off those support levels and back above those key moving averages. This trend to the upside on Monday is now starting to push shares of CPLA within range of triggering a big breakout trade. That trade will hit if CPLA manages to take out some key near-term overhead resistance levels at $68.14 to $68.47 with high volume.

Traders should now look for long-biased trades in CPLA as long as it's trending above Monday's intraday low of $65.02 or above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that registers near or above 87,613 share. If that breakout hits soon, then CPLA will set up to re-test or possibly take out its next major overhead resistance levels at $72 to $73.50.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.