7 Stocks Spiking on Big Volume

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."

Stocks with unusual volume are something that I tweet about on a daily basis. These are also the exact type of stocks that I love to trade and alert to my subscribers in real-time.

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.

Dominion Midstream Partners

  • Monday's Volume: 379,000
  • Three-Month Average Volume: 133,786
  • Volume % Change: 188%

Dominion Midstream Partners  (DM)  owns liquefied natural gas import, storage, regasification and transportation assets. This stock traded up 6.2% to $28.79 in Monday's trading session.

From a technical perspective, Dominion Midstream Partners spiked sharply higher on Monday back above its 20-day moving average of $28.49 a share with strong upside volume flows. This high-volume jump to the upside is now quickly pushing shares of Dominion Midstream Partners within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out both its 200-day moving average of $29.72 a share and its 50-day moving average of $29.81 a share and then once it clears more near-term resistance at $30.44 a share with high volume.

Traders should now look for long-biased trades in Dominion Midstream Partners as long as it's trending above Monday's intraday low of $27.06 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 133,786 shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $33 to $34, or even $35.60 a share.

Rexnord

  • Monday's Volume: 1.33 million
  • Three-Month Average Volume: 490,467
  • Volume % Change: 179%

Rexnord  (RXN)  designs, manufactures and markets process and motion control and water management products worldwide. This stock traded up 3.4% to $22.18 in Monday's trading session.

From a technical perspective, Rexnord spiked notably higher on Monday right above its 50-day moving average of $21.13 a share with strong upside volume flows. This spike briefly pushed shares of Rexnord into breakout territory, after the stock flirted with some near-term overhead resistance at $22.18 a share, before closing right on that level. This high-volume spike to the upside on Monday is now quickly pushing this stock within range of triggering another breakout trade. That trade will trigger if shares of Rexnord manage to take out Monday's intraday high of $22.33 a share and then once it clears more key resistance at $22.97 a share with high volume.

Traders should now look for long-biased trades in Rexnord as long as it's trending above its 50-day moving average of $21.13 a share or above more near-term support at $20.81 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 490,467 shares. If that breakout develops soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $24 to $25, or even $26 to $27 a share.

Immune Design

  • Monday's Volume: 169,000
  • Three-Month Average Volume: 105,443
  • Volume % Change: 125%

Immune Design  (IMDZ) , a clinical-stage immunotherapy company, engages in the research and development of in vivo immunotherapy treatments. This stock traded up 5% to $10.24 in Monday's trading session.

From a technical perspective, Immune Design spiked sharply higher on Monday right above some near-term support at $9.56 a share with above-average volume. This bump to the upside is now quickly pushing shares of Immune Design within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to clear some near-term overhead resistance levels at $10.57 to $11 a share with high volume.

Traders should now look for long-biased trades in Immune Design as long as it's trending above some near-term support at $9.56 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 105,443 shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 20-day moving average of $11.68 to around $12.20, or even its 50-day moving average of $12.95 to $13.22 a share.

Gigamon

  • Monday's Volume: 2.83 million
  • Three-Month Average Volume: 474,181
  • Volume % Change: 513%

Gigamon  (GIMO)  designs, develops and sells products and services that provide customers with visibility and control of network traffic for enterprises and services providers in the U.S., rest of Americas, Europe, the Middle East, Africa and the Asia Pacific. This stock traded up 4.2% to $36.50 in Monday's trading session.

From a technical perspective, Gigamon ripped sharply higher on Monday and entered new 52-week-high territory with strong upside volume flows. This stock has been uptrending strong over the last month and change, with shares moving higher off its low of $28.43 a share to its intraday high on Monday of $37.64 a share. During that uptrend, shares of Gigamon have been consistently making higher lows and higher highs, which is bullish technical price action. Traders should now look for a continuation move to the upside in the short-term if this stock manages to take out its new 52-week high of $37.64 a share with strong upside volume flows.

Traders should now look for long-biased trades in Gigamon as long as it's trending above some near-term support at $34 a share and then once it sustains a move or close above its new 52-week high of $37.64 a share with volume that registers near or above 474,181 shares. If that move gets underway soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $40 to its all-time high of $41.81 a share.

Ryerson Holdings

  • Monday's Volume: 778,000
  • Three-Month Average Volume: 351,867
  • Volume % Change: 172%

Ryerson Holdings  (RYI)  processes and distributes various metals in the U.S., Mexico, Canada, Chinaand Brazil. This stock traded up 4.4% to $15.62 in Monday's trading session.

From a technical perspective, Ryerson Holdings spiked sharply higher on Monday right off its 20-day moving average of $14.45 a share with strong upside volume flows. This stock has been uptrending strong over the last five months, with shares soaring higher off its low of $2.55 a share to its intraday high on Monday of $16 a share. During that uptrend, shares of Ryerson Holdings have been consistently making higher lows and higher highs, which is bullish technical price action. That high-volume move has now pushed this stock within range of triggering a major breakout trade. That trade will trigger if this stock manages to take out its new all-time high of $16 a share with high volume.

Traders should now look for long-biased trades in Ryerson Holdings as long as it's trending above its 20-day moving average of $14.45 a share or above more near-term support at $13.67 a share and then once it sustains a move or close above its new all-time high of $16 a share with volume that hits near or above 351,867 shares. If that breakout fires off soon, then this stock will set up to make a run at $20 to $23 a share.

AmSurg

  • Monday's Volume: 1.46 million
  • Three-Month Average Volume: 624,208
  • Volume % Change: 131%

AmSurg  (AMSG)  provides ambulatory and physician services in the U.S. This stock traded up 2.5% to $80.80 in Monday's trading session.

From a technical perspective, AmSurg spiked notably higher on Monday right above its 50-day moving average of $77.28 a share with strong upside volume flows. This high-volume spike to the upside is now quickly pushing shares of AmSurg within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to clear some near-term overhead resistance levels at $82 to $83.27 a share with high volume.

Traders should now look for long-biased trades in AmSurg as long as it's trending above Monday's intraday low of $79.17 a share or above its 50-day moving average of $77.28 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 624,208 shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $85 to $86, or even its 52-week high of $87.42 a share.

Straight Path Communications

  • Monday's Volume: 317,000
  • Three-Month Average Volume: 108,888
  • Volume % Change: 139%

Straight Path Communications  (STRP) , though its subsidiaries, holds, leases and markets fixed wireless spectrum licenses in the U.S. This stock traded up 16.6% to $28.18 in Monday's trading session.

From a technical perspective, Straight Path Communications exploded sharply higher on Monday right above some near-term support at $23.06 a share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing this stock within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to clear Monday's intraday high of $29 a share to some more key resistance levels at $29 to its 20-day moving average of $31.24 a share and then above $32 a share with high volume.

Traders should now look for long-biased trades in Straight Path Communications as long as it's trending above some near-term support at $26 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 108,888 shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $34.11 to $36, or even $38 a share.

Disclosure: 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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