DELAFIELD, Wis. (Stockpickr) -- 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."
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 today.
Uni-Pixel
Uni-Pixel (UNXL) manufactures electronic film products using its proprietary manufacturing process, UniBoss. This stock closed up 7.6% to $16.84 in Monday's trading session.
Monday's Volume: 1.88 million
Three-Month Average Volume: 1 million
Volume % Change: 108%
From a technical perspective, UNXL bounced sharply higher here right off its 50-day moving average of $15.89 with above-average volume. This stock looks to be forming a double bottom chart pattern at $14.91 to $15.16. If that bottom holds, then shares of UNXL could see a continuation of Monday's upside action.
Traders should now look for long-biased trades in UNXL as long as it's trending above $15.16 or $14.91 and then once it sustains a move or close above Monday's high of $17.53 with volume that hits near or above 1 million shares. If we get that move soon, then UNXL will set up to re-test or possibly take out its next major overhead resistance level at its 200-day moving average of $19.89.
Inphi
Inphi (IPHI) provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. This stock closed up 4.7% at $13.25 in Monday's trading session.
Monday's Volume: 838,000
Three-Month Average Volume: 202,080
Volume % Change: 378%
From a technical perspective, IPHI jumped higher here right above some near-term support at $12.44 with heavy upside volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $8.62 to its intraday high of $13.85. During that uptrend, shares of IPHI have been consistently making higher lows and higher highs, which is bullish technical price action. That move briefly pushed shares of IPHI into breakout territory, since the stock flirted with some near-term overhead resistance at $13.50.
Traders should now look for long-biased trades in IPHI as long as it's trending above some near-term support at $12.44 and then once it sustains a move or close above its new 52-week high at $13.85 with volume that hits near or above 202,080 shares. If we get that move soon, then IPHI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are its next major overhead resistance levels at $14.79 to $16.94, or possibly even $18.
SolarCity
SolarCity (SCTY) engages in the design, installation and sale or lease of solar energy systems to residential and commercial customers, and government entities in the U.S. This stock closed up 4.7% at $35.84 in Monday's trading session.
Monday's Volume: 3.64 million
Three-Month Average Volume: 2.42 million
Volume % Change: 145%
From a technical perspective, SCTY bounced sharply higher here right above some near-term support at $34.12 with above-average volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $28.31 to its recent high of $37.87. During that move, shares of SCTY have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SCTY within range of triggering a near-term breakout trade. That trade will hit if SCTY manages to take out its 50-day moving average at $37.82 and then once it takes out its recent high at $37.87 with high volume.
Traders should now look for long-biased trades in SCTY as long as it's trending above some key near-term support at $34.12 and then once it sustains a move or close above those breakout levels with volume that's near or above 2.42 million shares. If that breakout hits soon, then SCTY will set up to re-test or possibly take out its next major overhead resistance levels at $43 to $45.60.
Sohu.com
Sohu.com (SOHU) is a Chinese online media, search, gaming, community and mobile service group. This stock closed up 7.5% to $69.61 in Monday's trading session.
Monday's Volume: 4.90 million
Three-Month Average Volume: 1.01 million
Volume % Change: 351%
From a technical perspective, SOHU ripped sharply higher here with heavy upside volume. This move pushed shares of SOHU into breakout territory, since the stock took out some near-term overhead resistance at $67.80. Shares of SOHU are now quickly moving within range of triggering another breakout trade. That trade will hit if SOHU manages to take out Monday's high of $69.71 to its 52-week high at $70.63 with high volume.
Traders should now look for long-biased trades in SOHU as long as it's trending above Monday's low of $66.95 or above that first breakout level of $67.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.01 million shares. If that breakout hits soon, then SOHU will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $75 to $80.
Phoenix New Media
Phoenix New Media (FENG) is a new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. This stock closed up 3.4% at $10.82 in Monday's trading session.
Monday's Volume: 873,000
Three-Month Average Volume: 474,686
Volume % Change: 125%
From a technical perspective, FENG jumped notably higher right above some near-term support at $10.21 with above-average volume. This stock has been uptrending strong or the last month and change, with shares moving higher from its low of $5.55 to its recent high of $11.80 with heavy upside volume flows. During that move, shares of FENG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of FENG within range of triggering a major breakout trade. That trade will hit if FENG manages to take out some near-term overhead resistance at $11.20 to its 52-week high at $11.80 with high volume.
Traders should now look for long-biased trades in FENG as long as it's trending above key support at $10.21 and then once it sustains a move or close above those breakout levels with volume that's near or above 474,686 shares. If that breakout hits soon, then FENG will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $14 to its all-time high at $14.84.
To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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