Procter & Gamble and 6 Other 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.

Bank of the Ozarks

  • Wednesday's Volume: 2.39 million
  • Three-Month Average Volume: 1.50 million
  • Volume % Change: 175%

Bank of the Ozarks  (OZRK)  operates as a bank holding company for Bank of the Ozarks that provides various banking products and services. This stock closed up 2.2% to $40.04 in Wednesday's trading session.

From a technical perspective, Bank of the Ozarks spiked notably higher on Wednesday back above its 200-day moving average of $39.97 a share with strong upside volume flows. This high-volume bump to the upside is now quickly pushing shares of the Bank of the Ozarks 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 Wednesday's intraday high of $40.29 a share and then once it clears more near-term resistance at $41 a share with high volume.

Traders should now look for long-biased trades in Bank of the Ozarks as long as it's trending above Wednesday's intraday low of $39.42 a share or above its 20-day moving average of $38.52 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.50 million 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 $44 to $45, or even $46.50 to $48 a share.

Blue Buffalo Pet Products

  • Wednesday's Volume: 6.19 million
  • Three-Month Average Volume: 1.31 million
  • Volume % Change: 339%

Blue Buffalo Pet Products  (BUFF)  operates as a pet food company in the U.S., Canada, Japan and Mexico. This stock closed up 3.1% to $24.46 in Wednesday's trading session.

From a technical perspective, Blue Buffalo Pet Products jumped notably higher on Wednesday back above its 20-day moving average of $24.43 a share with strong upside volume flow. This stock has been downtrending over the last two months, with shares moving lower off its high of $27.50 a share to its recent low of $23.21 a share. During that move, shares of Blue Buffalo Pet Products have been making mostly lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to rebound off that $23.21 low with strong volume. That rebound is now quickly pushing shares of Blue Buffalo Pet Products within range of triggering a near-term breakout trade. That trade will trigger if this stock manages to take out Wednesday's intraday high of $24.57 share and then once it clears more near-term overhead resistance levels at $25.14 to its 50-day moving average of $25.35 a share with high volume.

Traders should now look for long-biased trades in Blue Buffalo Pet Products as long as it's trending above Wednesday's intraday low of $23.93 a share or above its 200-day moving average of $23.05 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.31 million shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $26.50 to its 52-week high of $27.50 a share, or even $30 a share.

Alamo Group

  • Wednesday's Volume: 231,000
  • Three-Month Average Volume: 50,817
  • Volume % Change: 277%

Alamo Group  (ALG)  designs, manufactures and sells agricultural equipment and infrastructure maintenance equipment for governmental and industrial use in the U.S., the U.K., France, Canada and Australia. This stock closed up 1% to $66.11 in Wednesday's trading session.

From a technical perspective, Alamo Group trended notably higher on Wednesday right above its 50-day moving average of $65.01 a share with strong upside volume flows. This stock has been uptrending over the last few weeks, with shares moving higher off its low of $61.49 a share to its recent high of $66.78 a share. During that uptrend, shares of Alamo Group have been making mostly higher lows and higher highs, which is bullish technical price action. That uptrend has now pushed 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 take out some near-term overhead resistance levels at $66.78 to $67.06 a share and then above its 52-week high of $68.04 a share with high volume.

Traders should now look for long-biased trades in Alamo Group as long as it's trending above its 50-day moving average of $65.01 a share or above its 20-day moving average of $64.46 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 50,817 shares. If that breakout fires off 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 $75 to $80 a share.

Procter & Gamble

  • Wednesday's Volume: 64.58 million
  • Three-Month Average Volume: 19.35 million
  • Volume % Change: 315%

Procter & Gamble  (PG)  provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, India, the Middle East, Africa and Latin America. This stock closed up 0.57% to $88.85 in Wednesday's trading session.

From a technical perspective, Procter & Gamble spiked modestly higher on Wednesday right off its 20-day moving average of $88.17 a share with monster upside volume flows. This stock has been uptrending strong over the last five months, with shares moving higher off its low of $78.80 a share to its recent high of $90.22 a share. During that uptrend, shares of Procter & Gamble have been consistently making higher lows and higher highs, which is bullish technical price action. That uptrend has now pushed 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 take out Wednesday's intraday high of $89 a share and then once it clears more near-term resistance levels at $89.50 to its 52-week high of $90.22 a share with high volume.

Traders should now look for long-biased trades in Procter & Gamble as long as it's trending above its 20-day moving average of $88.17 a share or above its 50-day moving average of $87.39 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 19.35 million shares. If that breakout triggers 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 breakout are $95 to $100 a share.

Amber Road

  • Wednesday's Volume: 784,000
  • Three-Month Average Volume: 281,586
  • Volume % Change: 185%

Amber Road  (AMBR)  provides cloud-based global trade management solutions in the U.S. and internationally. This stock closed up 5.4% to $10.29 in Wednesday's trading session.

From a technical perspective, Amber Road ripped sharply higher on Wednesday back above both its 20-day moving average of $9.65 a share and its 50-day moving average of $10.02 a share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing shares of Amber Road 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 key near-term overhead resistance levels at $10.40 to $11.07 a share and then above its 52-week high of $11.29 a share with high volume.

Traders should now look for long-biased trades in Amber Road as long as it's trending above its 20-day moving average of $9.65 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 281,586 shares. If that breakout hits 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 breakout are $12 to $13, or even $14 a share.

BeiGene

  • Wednesday's Volume: 198,000
  • Three-Month Average Volume: 62,342
  • Volume % Change: 220%

BeiGene  (BGNE) , a clinical-stage biopharmaceutical company, discovers and develops molecularly targeted and immuno-oncology drugs for the treatment of cancer. This stock closed up 3.1% to $31.68 in Wednesday's trading session.

From a technical perspective, BeiGene spiked sharply higher on Wednesday back above its 20-day moving average of $31.06 a share with strong upside volume flows. This high-volume rip to the upside also managed to push shares of BeiGene into breakout territory, after the stock closed above some near-term overhead resistance at $31.59 a share. Market players should now look for a continuation move to the upside in the short-term if shares of BeiGene mange to take out Wednesday's intraday high of $31.19 a share with strong volume.

Traders should now look for long-biased trades in BeiGene as long as it's trending above Wednesday's intraday low of $30.53 a share or above more near-term support at $30 a share and then once it sustains a move or close above Wednesday's intraday high of $32.19 a share with volume that hits near or above 62,342 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 $33.98 to its all-time high of $35.60 a share. Any high-volume move above $35.60 will then give this stock a chance to make a run at $40 a share.

Impac Mortgage Holdings

  • Wednesday's Volume: 437,000
  • Three-Month Average Volume: 70,560
  • Volume % Change: 624%

Impac Mortgage Holdings  (IMH)  operates as an independent residential mortgage lender in the U.S. This stock closed up 7% to $14.16 in Wednesday's trading session.

From a technical perspective, Impac Mortgage Holdings ripped sharply higher on Wednesday right above its recent low of $13 a share and into breakout territory above some key overhead resistance levels at $13.75 to its 20-day moving average of $13.97 a share with monster upside volume flows. This high-volume spike to the upside also managed to push shares of Impac Mortgage Holdings into its previous gap-down-day zone from earlier this month that started near $15 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 Wednesday's intraday high of $14.17 a share with strong volume.

Traders should now look for long-biased trades in Impac Mortgage Holdings as long as it's trending above $13.75 or above Wednesday's intraday low of $13.46 a share and then once it sustains a move or close above Wednesday's intraday high of $14.17 a share with volume that hits near or above 70,560 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 $15.06 a share to its 50-day moving average of $15.70 a share, or even $16.50 to $17 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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