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.
IPC HealthcareIPCM data by YCharts
IPC Healthcare (IPCM) provides acute hospitalist and post-acute care services in the U.S. This stock is trading up 1.2% to $57.09 in Thursday's trading session.
Thursday's Volume: 111,000
Three-Month Average Volume: 124,355
Volume % Change: 92%
From a technical perspective, IPC Healthcare is spiking modestly higher here right off some near-term support at $56 with strong upside volume flows. This stock has been uptrending tremendously strong over the last six months, with shares soaring higher from its low of $40 to its recent high of $58.73 a share. During that uptrend, shares of IPC Healthcare have been making mostly higher lows and higher highs, which is bullish technical price action. This slight bounce to the upside on Thursday is now starting to push shares of IPC Healthcare within range of triggering a near-term breakout trade. That trade will hit if this stock manages to take out its 52-week high of $58.73 with high volume.