6 Stocks Spiking on Big Volume

DELAFIELD, Wis. (Stockpickr) -- Professional traders running mutual funds a.0nd 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.

Puma Biotechnology

Puma Biotechnology  (PBYI), a development stage biopharmaceutical company, focuses on the acquisition, development and commercialization of products for the treatment of various forms of cancer. This stock is trading up 2% to $174.66 in Friday's trading session.

Friday's Volume: 279,000
Three-Month Average Volume: 366,053
Volume Change: 105%

From a technical perspective, PBYI is ripping higher here right above its recent low of $168.48 with decent upside volume flows. This stock recently gapped down sharply from $212.43 to that low of $168.48 with monster downside volume. Shares of PBYI are now starting to rebound here right off that $168.48 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will trigger if PBYI manages to take out its gap-down-day high of $178 a share with high volume.

Traders should now look for long-biased trades in PBYI as long as it's trending above that recent low of $168.48 and then once it sustains a move or close above $178 with volume that registers near or above 366,053 hares. If that breakout hits soon, then PBYI will set up to re-fill some of that recent gap-down-day zone that started at $212.43.

Globant

Globant (GLOB) develops software solutions in the U.S., Europe, and Latin America. This stock is trading up 7.3% to $24.64 in Friday's trading session.

Friday's Volume: 278,000
Three-Month Average Volume: 195,173
Volume % Change: 277%

From a technical perspective, GLOB is ripping sharply higher here right above some near-term support at $22 with strong upside volume flows. This stock has been uptrending incredibly strong over the last six months, with shares moving sharply higher from its low of $12.61 to its recent high of $25.71 a share. During that uptrend, shares of GLOB have been making mostly higher lows and higher highs, which is bullish technical price action. This spike to the upside on Friday is now quickly pushing shares of GLOB within range of triggering a big breakout trade. That trade will hit if GLOB manages to take out its all-time high of $25.71 with high volume.

Traders should now look for long-biased trades in GLOB as long as it's trending above Friday's current intraday low of $23.54 or above more near-term support at $22 and then once it sustains a move or close above its all-time high of $25.71 with volume that registers near or above 195,173 shares. If that breakout begins soon, then GLOB will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $30 to $33.

Dynegy

Dynegy  (DYN), through its subsidiaries, produces and sells electric energy, capacity and ancillary services in the U.S. This stock is trading up 3.8% to $33.63 in Friday's trading session.

Friday's Volume: 1.98 million
Three-Month Average Volume: 1.75 million
Volume % Change: 129%

From a technical perspective, DYN is ripping notably higher here right above some near-term support at $31.86 with decent upside volume flows. This sure to the upside on Friday is now starting to push shares of DYN within range of triggering a major breakout trade above a number of key near-term and past overhead resistance levels. That trade will trigger if DYN manages to take out some near-term overhead resistance levels at $34.65 to $34.69 and then once it clears some past resistance at $35 to its 52-week high of $36.57 with high volume.

Traders should now look for long-biased trades in DYN as long as it's trending above some near-term support at $31.86 or above its 50-day moving average of $30.81 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.75 million shares. If that breakout gets going soon, then DYN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $40 to $45, or even $50.

EZchip Semiconductor

EZchip Semiconductor  (EZCH), a fabless semiconductor company, develops and markets Ethernet network processors for networking equipment in Israel, China, Hong Kong, the Far East, Canada, the U.S., Europe and internationally. This stock is trading up 4.5% to $15.45 in Friday's trading session.

Friday's Volume: 205,000
Three-Month Average Volume: 125,798
Volume % Change: 209%

From a technical perspective, EZCH is jumping sharply higher here right above its recent low of $14.30 with above-average volume flows. This stock recently gapped down sharply lower from right at $20 a share to that $14.30 low with massive downside volume. Shares of EZCH have started to rebound off that $14.30 low and this stock now quickly moving within range of triggering a major breakout trade. That trade will trigger if EZCH manages to take out its recent gap-down-day high of $15.59 with high volume.

Traders should now look for long-biased trades in EZCH as long as it's trending above Friday's current intraday low of $14.75 or above that recent low gap-down-day low of $14.30 and then once it sustains a move or close above $15.59 with volume that hits near or above 125,798 shares. If that breakout begins soon, then EZCH will set up to re-fill some of its recent gap-down-day zone that started near $20 a share.

Bona Film Group

Bona Film Group  (BONA), through its subsidiaries, operates as an integrated film company in the People's Republic of China and internationally. This stock is trading up 9% to $10.51 in Friday's trading session.

Friday's Volume: 543,000
Three-Month Average Volume: 279,547
Volume % Change: 223%

From a technical perspective, BONA is skyrocketing higher here and breaking out above some key near-term overhead resistance levels at $9.45 to $10.06 with above-average volume. This monster spike to the upside on Friday is now quickly pushing shares of BONA within range of triggering another big breakout trade. That trade will hit if BONA manages to take out its all-time high of $10.97 with high volume.

Traders should now look for long-biased trades in BONA as long as it's trending above Friday's current intraday low of $9.45 and then once it sustains a move or close above $10.97 with volume that registers near or above 279,5467 shares. If that breakout develops soon, then BONA will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $13 to $15 a share.

Tracon Pharmaceuticals

Tracon Pharmaceuticals  (TCON), a clinical stage biopharmaceutical company, focuses on the development and commercialization of novel targeted therapeutics for cancer, age-related macular degeneration and fibrotic diseases. This stock is trading up 13.4% to $12.32 in Friday's trading session.

Friday's Volume: 118,000
Three-Month Average Volume: 107,944
Volume % Change: 223%

From a technical perspective, TCON is exploding sharply higher here and breaking out above some near-term overhead resistance at $11.86 with above-average volume. This breakout has now pushed shares of TCON out of its recent downtrend that started in March at $21 a share, and into a new short-term uptrend. This spike to the upside on Friday is now quickly pushing shares of TCON within range of triggering another big breakout trade. That trade will hit if TCON manages to take out some near-term overhead resistance at $13.17 and then above its 50-day moving average of $13.22 with high volume.

Traders should now look for long-biased trades in TCON as long as it's trending above that prior breakout level of $11.86 or above more near-term support at $11 and then once it sustains a move or close above those breakout levels with volume that registers near or above 107,944 shares. If that breakout gets started soon, then TCON will set up to re-test or possibly take out its next major overhead resistance levels at $14.90 to $16.75, or even $17.57 a share.

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

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