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.

La Jolla Pharmaceuticals

  • Thursday's Volume: 387,000
  • Three-Month Average Volume: 114,730
  • Volume % Change: 327%

La Jolla Pharmaceuticals  (LJPC) , a biopharmaceutical company, focuses on the discovery, development and commercialization of therapeutics for life-threatening diseases. This stock closed up 16.1% to $18.61 in Thursday's trading session.

From a technical perspective, La Jolla Pharmaceuticals exploded sharply higher on Thursday back above both its 50-day moving average of $17.15 a share and its 20-day moving average of $17.63 a share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing shares of La Jolla Pharmaceuticals 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 its 200-day moving average of $19.24 a share and then once it takes out more key overhead resistance levels at $19.50 to around $20 a share with high volume.

Traders should now look for long-biased trades in La Jolla Pharmaceuticals as long as it's trending above its 20-day moving average of $17.63 a share or above its 50-day moving average of $17.15 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 114,730 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 $22.60 to $23.30 or even $24 to $25 a share.

Huaneng Power International

  • Thursday's Volume: 349,000
  • Three-Month Average Volume: 102,345
  • Volume % Change: 261%

Huaneng Power International  (HNP) , an independent power producer, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. This stock closed up 3.4% to $26.36 in Thursday's trading session.

From a technical perspective, Huaneng Power International spiked sharply higher on Thursday right above its 20-day moving average of $25.11 a share with strong upside volume. This high-volume bump to the upside managed to push this stock into breakout territory, since shares of Huaneng Power International closed above some near-term overhead resistance at $26.35 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 $26.51 a share with high volume.

Traders should now look for long-biased trades in Huaneng Power International as long as it's trending above Thursday's intraday low of $25.64 a share or above its 20-day moving average of $25.11 a share and then once it sustains a move or close above Thursday's intraday high of $26.51 a share with volume that hits near or above 102,345 shares. If that move gets underway soon, then this stock will set up to retest or possibly take out its next major overhead resistance levels at its 200-day moving average of $27.81 to $29 or even $30 to $31 a share.

Trupanion

  • Thursday's Volume: 385,000
  • Three-Month Average Volume: 118,254
  • Volume % Change: 249%

Trupanion  (TRUP)  provides medical insurance plans for cats and dogs on monthly subscription basis in the U.S., Canada and Puerto Rico. This stock closed up 4.4% to $15.97 in Thursday's trading session.

From a technical perspective, Trupanion ripped notably higher on Thursday right above its 20-day moving average of $14.96 a share with strong upside volume flows. This stock recently formed a double bottom chart pattern after shares found some buying interest over the last two months at $13.84 to $14.13 a share. Following that potential bottom, this stock has now started to spike higher back above both its 50-day and 20-day moving averages with very strong volume over the last two trading sessions. This high-volume spike higher is now quickly pushing shares of Trupanion 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 $16.26 a share and then once it clears its all-time high of $16.88 a share with high volume.

Traders should now look for long-biased trades in Trupanion as long as it's trending above its 50-day moving average of $14.81 a share or above those recent double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 118,254 shares. If that breakout hits soon, then this stock will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $20 to $25, or even $30 a share.

Hooker Furniture

  • Thursday's Volume: 196,000
  • Three-Month Average Volume: 59,450
  • Volume % Change: 206%

Hooker Furniture  (HOFT) , together with its subsidiaries, operates as a home furnishings marketing, design and logistics company worldwide. This stock closed up 8.5% to $26.42 in Thursday's trading session.

From a technical perspective, Hooker Furniture ripped sharply higher on Thursday and broke out above some key overhead resistance levels at $25 to $25.34 a share and above its 200-day moving average of $26.12 a share with strong upside volume. Market players should now look for a continuation move to the upside in the short term if shares of Hooker Furniture manage to take out Thursday's intraday high of $27.47 a share with high volume.

Traders should now look for long-biased trades in Hooker Furniture as long as it's trending above Thursday's intraday low of $24.34 a share or above more near-term support at $24 a share and then once it sustains a move or close above Thursday's intraday high of $27.47 a share with volume that registers near or above 59,450 shares. If that move gets started soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $28 to $31, or even $32.50 to $34 a share.

AveXis

  • Thursday's Volume: 2.53 million
  • Three-Month Average Volume: 272,244
  • Volume % Change: 779%

AveXis  (AVXS) , a clinical-stage gene therapy company, engages in developing and commercializing novel treatments for patients suffering from rare and life-threatening neurological genetic diseases. This stock closed up 1.6% to $36.01 in Thursday's trading session.

From a technical perspective, AveXis spiked modestly higher on Thursday right off some near-term support at $34 a share with monster upside volume flows. This high-volume bump to the upside is now quickly pushing shares of AveXis 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 Thursday's intraday high of $37.47 to $37.79 a share and then once it clears its 20-day moving average of $38.18 a share with high volume.

Traders should now look for long-biased trades in AveXis as long as it's trending above some near-term support levels at $34 to $33.15 a share or above more key support just under $32 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 272,244 shares. If that breakout materializes soon, then this stock will set up to retest or possibly take out its next major overhead resistance levels at $40 to $42, or even $46 to its all-time high of $47.76 a share.

Daqo New Energy

  • Thursday's Volume: 399,000
  • Three-Month Average Volume: 66,628
  • Volume % Change: 496%

Daqo New Energy  (DQ)  manufactures and sells polysilicon and wafers in the People's Republic of China. This stock closed up 2.2% to $25.13 in Thursday's trading session.

From a technical perspective, Daqo New Energy jumped notably higher on Thursday right off its 50-day moving average of $23.57 a share and back above its 20-day moving average of $24.33 a share with strong upside volume flows. This high-volume spike to the upside managed to briefly push shares of Daqo New Energy into breakout territory, after the stock flirted with some near-term overhead resistance at $25.23 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 $25.69 a share with high volume.

Traders should now look for long-biased trades in Daqo New Energy as long as it's trending above its 50-day moving average of $23.57 a share or above more key near-term support at $22.77 a share and then once it sustains a move or close above Thursday's intraday high of $25.69 a share with volume that hits near or above 66,628 shares. If that move gets underway soon, then this stock will set up to retest or possibly take out its next major overhead resistance levels at its 52-week high of $27.60 to $30, or even $31.80 to $33 a share.

Intrawest Resorts Holdings

  • Thursday's Volume: 612,000
  • Three-Month Average Volume: 164,628
  • Volume % Change: 342%

Intrawest Resorts Holdings  (SNOW)  operates as a mountain resort, adventure and real estate company in North America. This stock closed up 13.9% to $16.84 in Thursday's trading session.

From a technical perspective, Intrawest Resorts Holdings ripped sharply higher on Thursday back above both its 50-day moving average of $14.65 a share and its 20-day moving average of $15.26 a share with strong upside volume flows. This stock has been uptrending tremendously strong over the last six months, with shares soaring higher off its low of $7.80 a share to its intraday high on Thursday of $17.07 a share. During that uptrend, shares of Intrawest Resorts Holdings have been consistently making higher lows and higher highs, which is bullish technical price action. This high-volume rip to the upside on Thursday has now pushed this stock into new all-time-high territory, after it cleared some major resistance at $16.28 a share. Market players should now look for a continuation move to the upside in the short term if shares of Intrawest Resorts Holdings manage to take out its new all-time high of $17.07 a share with high volume.

Traders should now look for long-biased trades in Intrawest Resorts Holdings as long as it's trending above its 20-day moving average of $15.26 a share or above its 50-day moving average of $14.65 a share and then once it sustains a move or close above its new all-time high of $17.07 a share with volume that hits near or above 164,628 shares. If that move develops soon, then this stock will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $20 to $25, or even $28 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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