Stock Quotes in this Article: CRUS, MYL, QURE

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.

>>5 Stocks Poised for Breakouts

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.

>>5 Stocks Under $10 Set to Soar

With that in mind, let's take a look at several stocks rising on unusual volume recently.

Mylan

Mylan (MYL), a pharmaceutical company, develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals worldwide. This stock closed up 3.4% to $52.10 in Friday's trading session.

Friday's Volume: 15.89 million

Three-Month Average Volume: 5.96 million

Volume % Change: 140%

From a technical perspective, MYL trended higher here back above its 50-day moving average of $50.83 with above-average volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $44.74 to its intraday high of $53.57. During that uptrend, shares of MYL have been making mostly higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move to the upside in the short-term if MYL manages to take out Friday's intraday high of $53.57 with high volume.

Traders should now look for long-biased trades in MYL as long as it's trending above Fridays low of $49.06 and then once it sustains a move or close above Friday's high of $53.57 with volume that hits near or above 5.96 million shares. If that move gets underway soon, then MYL will set up to re-test or possibly take out its next major overhead resistance levels at $55.30 to its 52-week high at $57.52.

Cirrus Logic

Cirrus Logic (CRUS), a fabless semiconductor company, develops analog and mixed-signal integrated circuits for a range of consumer and industrial markets. This stock closed up 4.8% at $21.63 in Friday's trading session.

Friday's Volume: 5.84 million

Three-Month Average Volume: 1.83 million

Volume % Change: 304%

From a technical perspective, CRUS gapped up sharply higher here and broke out above some key overhead resistance levels at $20.86 to $21.12 with heavy upside volume. This move also gapped shares of CRUS well above its 50-day and 200-day moving averages. Market players should now look for a continuation move higher in the short-term if CRUS manages to take out Friday's intraday high of $21.94 with strong volume.

Traders should now look for long-biased trades in CRUS as long as it's trending above its 200-day at $20.48 or above its 50-day at $19.38 and then once it sustains a move or close above Friday's intraday high of $21.94 with volume that hits near or above 1.83 million shares. If that move materializes soon, then CRUS will set up to re-test or possibly take out its next major overhead resistance levels at $23 to its 52-week high at $25.91.

uniQure N.V.

uniQure (QURE), a biopharmaceutical company, develops gene therapies through its modular technology platform for the treatment of genetic or acquired diseases. This stock closed up 8.3% to $11 in Friday's trading session.

Friday's Volume: 370,000

Three-Month Average Volume: 197,843

Volume % Change: 293%

From a technical perspective, QURE spiked sharply higher here with above-average volume. This stock recently reversed its downtrend and has started a new uptrend, with shares moving higher off its 52-week low of $8.51 to its intraday high on Friday of $11.03. Market players should now look for a continuation move higher in the short-term if QURE manages to take out Friday's intraday high of $11.03 with strong volume.

Traders should now look for long-biased trades in QURE as long as it's trending above Friday's low of $10.06 and then once it sustains a move or close above Friday's high of $11.03 with volume that hits near or above 197,843 shares. If that move starts soon, then QURE will set up to re-test or possibly take out its next major overhead resistance levels at $13 to its 50-day moving average of $14.75.

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.


RELATED LINKS:







Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including

CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.