Buffalo Wild Wings, 6 More Stocks Making Big Moves With Unusual Volume

Professional traders running mutual funds and hedge funds don't just look at a stock's price moves, they 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 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.

Buffalo Wild Wings

Buffalo Wild Wings (BWLD) engages in the ownership, operation, and franchise of restaurants worldwide. This stock closed up 5% to $157.40 in Wednesday's trading session.

  • Wednesday's Volume: 2.90 million
  • Three-Month Average Volume: 380,103
  • Volume % Change: 790%

From a technical perspective, Buffalo Wild Wings spiked sharply higher on Wednesday back above both its 200-day moving average of $151.50 a share and its 20-day moving average of $152.23 a share with monster upside volume flows. This high-volume rip to the upside is now quickly pushing shares of Buffalo Wild Wings 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 its 50-day moving average of $159.01 a share and then once it clears more near-term resistance at $161.15 a share with high volume.

Traders should now look for long-biased trades in Buffalo Wild Wings as long as it's trending above some near-term support at $155 a share or above its 20-day moving average of $152.23 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 380,103 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 $165 to $167.50, or even $170 to its 52-week high of $175.10 a share.

Nuance Communications

Nuance Communications (NUAN) provides voice recognition and natural language understanding solutions worldwide. This stock closed up 4.4% to $16.60 in Wednesday's trading session.

  • Wednesday's Volume: 24.96 million
  • Three-Month Average Volume: 3.36 million
  • Volume % Change: 789%

From a technical perspective, Nuance Communications jumped sharply higher on Wednesday right above its 20-day moving average of $15.85 a share and into breakout territory above some near-term overhead resistance at $16.34 a share with huge upside volume flows. Market players should now look for a continuation move to the upside in the short-term for shares of Nuance Communications if this stock manages to take out Wednesday's intraday high of $16.74 a share and then once it clears more near-term resistance around $17 a share with high volume.

Traders should now look for long-biased trades in Nuance Communications as long as it's trending above its previous breakout level at $16.34 a share or above its 20-day moving average of $15.85 a share and then once it sustains a move or close above $16.74 to $17 a share with volume that hits near or above 3.36 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 $17.47 to $17.65, or even $18 to $19 a share.

Cooper Tire & Rubber

Cooper Tire & Rubber (CTB) , together with its subsidiaries, manufactures and markets replacement tires worldwide. This stock closed up 2.7% to $35.65 in Wednesday's trading session.

  • Wednesday's Volume: 4.76 million
  • Three-Month Average Volume: 594,567
  • Volume % Change: 736%

From a technical perspective, Cooper Tire & Rubber spiked notably higher on Wednesday right above its 200-day moving average of $34.67 a share and right into its 20-day moving average of $35.78 a share with heavy upside volume flows. This high-volume rip to the upside is now quickly pushing shares of Cooper Tire & Rubber 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 some near-term overhead resistance levels at $36 to $36.70 a share and then above more resistance at $36.80 to $37 a share with high volume.

Traders should now look for long-biased trades in Cooper Tire & Rubber as long as it's trending above some key near-term support at $34.58 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 594,567 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 its 50-day moving average of $37.54 a share to $38.50, or even $39.50 to $40 a share.

Deckers Outdoor

Deckers Outdoor (DECK) , together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. This stock closed up 8.9% to $49.03 in Wednesday's trading session.

  • Wednesday's Volume: 7.19 million
  • Three-Month Average Volume: 1.07 million
  • Volume % Change: 666%

From a technical perspective, Deckers Outdoor ripped sharply higher on Wednesday off its new 52-week low of $44 a share with large upside volume flows. This high-volume jump to the upside managed to push shares of Deckers Outdoor into its recent gap-down-day zone after the stock closed above its gap-down-day high at around $47.50 a share. Market players should now look for a continuation move higher in the short-term if this stock manages to take out Wednesday's intraday high of $49.60 a share and then once it clears some past resistance at around $50.18 a share with high volume.

Traders should now look for long-biased trades in Deckers Outdoor as long as it's trending above its recent gap-down-day high around $47.50 a share or above more near-term support at $46 a share and then once it sustains a move or close above $49.60 to $50.18 a share with volume that hits near or above 1.07 million 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 that started near $57 a share.

Radware

Radware (RDWR) develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. This stock closed up 5.4% to $15.48 in Wednesday's trading session.

  • Wednesday's Volume: 957,000
  • Three-Month Average Volume: 215,579
  • Volume % Change: 380%

From a technical perspective, Radware gapped-up sharply higher on Wednesday right above its 20-day moving average of $14.66 a share and into breakout territory above some near-term overhead resistance levels at $15 to $15.10 a share with strong upside volume flows. This high-volume bump to the upside is now quickly pushing shares of Radware within range of triggering another key breakout trade above some past overhead resistance levels. That trade will trigger if this stock manages to take out Wednesday's intraday high of $15.76 a share and then once it clears some past overhead resistance levels at $15.93 to $16.66 a share with high volume.

Traders should now look for long-biased trades in Radware as long as it's trending above some near-term support levels at $15 or at its 20-day moving average of $14.66 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 215,579 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 $17.50 to $18.50, or even $19 to $20 a share.

Euronet Worldwide

Euronet Worldwide (EEFT) provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. This stock closed up 6.1% to $76.90 in Wednesday's trading session.

  • Wednesday's Volume: 1.13 million
  • Three-Month Average Volume: 359,000
  • Volume % Change: 252%

From a technical perspective, Euronet Worldwide exploded higher on Wednesday right off its 20-day moving average of $75.52 a share and back above both its 50-day moving average of $72.96 a share and its 200-day moving average of $76.38 a share with strong upside volume flows. This high-volume spike to the upside has now pushed shares of Euronet Worldwide 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 $77.48 a share and then above more near-term resistance at $77.73 a share with high volume.

Traders should now look for long-biased trades in Euronet Worldwide as long as it's trending above some previous breakout levels at $75.50 or $74.50 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 359,000 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 $80 to $81, or even $82 to $83 a share.

Michael Kors

Michael Kors (KORS) engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. This stock closed up 2.8% to $37.87 in Wednesday's trading session.

  • Wednesday's Volume: 9.80 million
  • Three-Month Average Volume: 3.01 million
  • Volume % Change: 239%

From a technical perspective, Michael Kors jumped notably higher on Wednesday right above its new 52-week low of $34.92 a share with heavy upside volume flows. This stock recently gapped-down sharply lower from just over $41 a share to that new 52-week low of $34.92 a share with monster downside volume flows. Following that move, shares of Michael Kors have now started to rebound sharply off that $34.92 low, and it has now trended back into its previous gap-down-day zone above $37 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 $38.66 a share with high volume.

Traders should now look for long-biased trades in Michael Kors as long as it's trending above Wednesday's intraday low of $36.42 a share or above its new 52-week low of $34.92 a share and then once it sustains a move or close above Wednesday's intraday high of $38.66 a share with volume that registers near or above 3.01 million shares. If that move gets started soon, then this stock will set up to re-fill some more of its recent gap-down-day zone that started just above $41 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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