These 7 Stocks Are 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.

Domino's Pizza

  • Thursday's Volume: 3.24 million
  • Three-Month Average Volume: 888,241
  • Volume % Change: 300%

Domino's Pizza  (DPZ)  operates as a pizza delivery company in the U.S. and internationally. This stock traded up 5.6% to $144.66 in Thursday's trading session.

From a technical perspective, Domino's Pizza gapped-up sharply higher on Thursday and broke out above some near-term overhead resistance at $140.38 a share with monster upside volume flows. This high-volume rip to the upside managed to push this stock into new 52-week-high territory, after shares of Domino's Pizza tagged an intraday high of $146.73 a share. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Thursday's intraday high of $146.73 a share with strong volume.

Traders should now look for long-biased trades in Domino's Pizza as long as it's trending above Thursday's intraday low of $142.06 a share or above its previous breakout level at $140.38 a share and then once it sustains a move or close above Thursday's intraday high of $146.73 a share with volume that hits near or above 888,241 shares. If that move gets underway soon, then this stock will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $150 to $155, or even $160 a share.

H&E Equipment Services

  • Thursday's Volume: 1.03 million
  • Three-Month Average Volume: 279,181
  • Volume % Change: 316%

H&E Equipment Services  (HEES)  operates as an integrated equipment services company. This stock traded up 3.4% to $19.01 in Thursday's trading session.

From a technical perspective, H&E Equipment Services jumped notably higher on Thursday back above both its 20-day moving average of $18.75 a share and its 50-day moving average of $19 a share with strong upside volume flows. This high-volume trend higher is now quickly pushing shares of H&E Equipment Services within range of triggering a major breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $19.64 to $20.44 a share and then above more resistance at $20.51 to $20.53 a share with high volume.

Traders should now look for long-biased trades in H&E Equipment Services as long as it's trending above Thursday's intraday low of $18.49 a share or above more near-term support at $17.85 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 279,181 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 $24 to $24.20, or even $26 to $27 a share.

TrueBlue

  • Thursday's Volume: 1.65 million
  • Three-Month Average Volume: 447,486
  • Volume % Change: 331%

TrueBlue  (TBI)  provides staffing, recruitment process outsourcing and managed services in the U.S., Canada and Puerto Rico. This stock traded up 10.8% to $22.73 in Thursday's trading session.

From a technical perspective, TrueBlue gapped-up sharply higher on Thursday into its previous gap-down-day zone from April with heavy upside volume flows. This stock managed to tag its 200-day moving average at $23.45 a share, before it cooled off and ended the trading session at $22.73 a share. Market players should now look for a continuation move to the upside in the short-term if shares of TrueBlue manage to clear Thursday's intraday high of $23.65 a share with strong upside volume flows.

Traders should now look for long-biased trades in TrueBlue as long as it's trending above Thursday's intraday low of $22.20 a share or above more near-term support at $21.50 a share and then once it sustains a move or close above Thursday's intraday high of $23.65 a share with volume that hits near or above 447,486 shares. If that move gets underway soon, then this stock will set up to re-fill some more of its previous gap-down-day zone from April that started near $27.50 a share.

Habit Restaurants

  • Thursday's Volume: 1.78 million
  • Three-Month Average Volume: 343,619
  • Volume % Change: 532%

Habit Restaurants  (HABT)  operates fast casual restaurants under the Habit Burger Grill name. This stock traded up 3.3% to $16.95 in Thursday's trading session.

From a technical perspective, Habit Restaurants spiked notably higher on Thursday right off its 20-day moving average of $16.32 a share and back above its 50-day moving average of $16.82 a share with monster upside volume flows. This high-volume jump to the upside is now quickly pushing shares of Habit Restaurants within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out Thursday's intraday high of $17.36 to $17.75 a share and then above more near-term resistance at $18.07 a share with high volume.

Traders should now look for long-biased trades in Habit Restaurants as long as it's trending above some key near-term support at $16 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 343,619 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 $19 to $20, or even its 200-day moving average of $20.15 to $21 a share.

Imax

  • Thursday's Volume: 5.51 million
  • Three-Month Average Volume: 664,500
  • Volume % Change: 700%

Imax  (IMAX)  operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide. This stock traded up 14.4% to $34.47 in Thursday's trading session.

From a technical perspective, IMAX gapped-up sharply higher on Thursday back above both its 50-day moving average of $30.74 a share and its 200-day moving average of $32.96 a share with monster upside volume flows. This high-volume rip to the upside is now quickly pushing shares of IMAX within range of triggering a major breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out Thursday's intraday high of $34.93 a share and then above some key overhead resistance at $35.01 a share with high volume.

Traders should now look for long-biased trades in IMAX as long as it's trending above its 200-day moving average of $32.96 a share or above Thursday's intraday low of $31.65 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 664,500 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 $37 to $39, or even its 52-week high of $40.36 a share.

Trinity Biotech

  • Thursday's Volume: 227,000
  • Three-Month Average Volume: 55,633
  • Volume % Change: 258%

Trinity Biotech  (TRIB)  acquires, develops, manufactures and markets medical diagnostic products for the clinical laboratory and point-of-care segments of the diagnostic market. This stock traded up 11.2% to $12.23 in Thursday's trading session.

From a technical perspective, Trinity Biotech exploded higher on Thursday back above both its 50-day moving average of $11.12 a share and its 200-day moving average of $11.22 a share with strong upside volume flows. This high-volume jump to the upside also managed to push shares of Trinity Biotech into breakout territory, since the stock cleared some near-term overhead resistance levels at $11.46 to $12.17 a share. This strong move is now quickly pushing this stock within range of triggering another major breakout trade above some past overhead resistance levels. That trade will trigger if this stock manages to take out some past overhead resistance levels at $12.39 to $12.50 a share and then above more past resistance at $13.28 a share with high volume.

Traders should now look for long-biased trades in Trinity Biotech as long as it's trending above its recent breakout level at $11.46 a share and then once it sustains a move or close above its past breakout levels with volume that hits near or above 55,633 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 $15 to its 52-week high of $18.55 a share.

Dana Holding

  • Thursday's Volume: 8.03 million
  • Three-Month Average Volume: 1.98 million
  • Volume % Change: 340%

Dana Holding  (DAN)  manufactures and sells driveline, sealing and thermal-management products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. This stock traded up 10.1% to $12.53 in Thursday's trading session.

From a technical perspective, Dana Holding gapped-up sharply higher on Thursday back above its 50-day moving average of $11.60 a share with monster upside volume flows. This high-volume rip to the upside also briefly managed to push shares of Dana Holding into breakout territory, after it flirted with some key near-term overhead resistance levels at $12.61 to $12.63 a share. Market players should now look for a continuation move to the upside in the short-term if this stock manages to clear Thursday's intraday high of $12.78 a share with strong upside volume flows.

Traders should now look for long-biased trades in Dana Holding as long as it's trending above Thursday's intraday low of $12 a share or above its 50-day moving average of $11.60 a share and then once it sustains a move or close above Thursday's intraday high of $12.78 a share with volume that hits near or above 1.98 million 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 its 200-day moving average of $13.25 a share to $13.60, or even $14.50 to $15 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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