6 Stocks Trading Up 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 a stock, 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." These types of traders like to get in well before a bigger trend, so it's always a smart move to monitor unusual volume activity.

With that in mind, let's take a look at several stocks that are experiencing unusual volume activity.

Anthem

  • Wednesday's Volume: 903,000
  • Three-Month Average Volume: 104,001
  • Volume % Change: 607%

From a technical perspective, Anthem (ANTX) spiked higher right above its 20-day at $50.02 with monster upside volume. This high-volume bump to the upside is quickly pushing shares of Anthem within range of triggering a big breakout trade.

Traders should now look for long-biased trades in Anthem as long as it's trending above some near-term support at $49.76 or above its 50-day at $48.84 and then once it sustains a move or close above its all-time high of $51.05 with volume that hits near or above 104,001 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 targets off that breakout are $55 to $60, or even $65 a share.

MAG Silver

  • Wednesday's Volume: 993,000
  • Three-Month Average Volume: 311,041
  • Volume % Change: 261%

From a technical perspective, MAG Silver (MAG) ripped up right above some near-term support at $12.87 with large upside volume. This high-volume rip to the upside is quickly pushing shares of MAG Silver within range of triggering a big breakout trade.

Traders should now look for long-biased trades in MAG Silver as long as it's trending above Wednesday's intraday low of $13.25 or above support at $12.87 and then once it breaks out above resistance at $14.41 to its 20-day at $14.64 with volume that hits near or above 311,041 shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next resistance levels at $15.40 to $16.55 a share.

Orthofix International

  • Wednesday's Volume: 3.08 million
  • Three-Month Average Volume: 188,705
  • Volume % Change: 1768%

From a technical perspective, Orthofix International (OFIX) ripped higher and broke out above some near-term resistance levels at $38.50 to $38.77 with monster upside volume flows. This high-volume rip up is quickly pushing shares of Orthofix International within range of triggering another near-term breakout trade.

Traders should look for long-biased trades in Orthofix International as long as it's trending above Wednesday's intraday low of $37.84 and then once it sustains a move or close above resistance levels at $39.95 to its 200-day at $40.46 with volume that hits near or above 188,705 shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next resistance levels at $41.90 to $44, or even $45 to $46 a share.

Terreno Reality

  • Wednesday's Volume: 1.03 million
  • Three-Month Average Volume: 220,706
  • Volume % Change: 322%

From a technical perspective, Terreno Reality (TRNO) spiked up back above both its 20-day at $27.46 and its 50-day at $27.64 with strong upside volume flows. This high-volume rip is quickly pushing this stock within range of triggering a near-term breakout trade above a key downtrend line.

Traders should look for long-biased trades in Terreno Realty as long as it's trending above its 200-day at $26.51 and then once it sustains a move or close above resistance at $28 to $28.18 with volume that hits near or above 220,706 shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next resistance levels at $28.59 to its 52-week high of $29.08, or even $30 to $32 a share.

United Continental

  • Wednesday's Volume: 11.32 million
  • Three-Month Average Volume: 3.30 million
  • Volume % Change: 194%

From a technical perspective, United Continental (UAL) spiked up on Wednesday right above some previous support at $60 with heavy upside volume. This high-volume spike is quickly pushing this stock within range of triggering a big breakout trade.

Traders should look for long-biased trades in United Continental as long as it's trending above Wednesday's intraday low of $64.32 or above $60 and then once it sustains a move or close above resistance levels at $69.34 to $69.75 with volume that hits near or above 3.30 million shares. If that breakout kicks off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day at $73.21 to its 20-day at $73.51, or even $74 to $76 a share.

China Lodging Group

  • Wednesday's Volume: 390,000
  • Three-Month Average Volume: 133,145
  • Volume % Change: 199%

From a technical perspective, China Lodging Group (HTHT) spiked sharply higher on Wednesday right above its 50-day at $54.48 and back above its 20-day at $57.69 with strong upside volume flows. This high-volume rip to the upside is quickly pushing this stock within range of triggering a major breakout trade.

Traders should look for long-biased trades in China Lodging Group as long as it's trending above support at $55 or above its 50-day at $54.48 and then once it sustains a move or close above resistance at $60 to its 52-week high of $60.92 with volume near or above 113,145 shares. If that breakout develops 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 $65 to $70 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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