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3 Stocks Spiking on Big Volume - views
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.
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With that in mind, let's take a look at several stocks rising on unusual volume today. ExOne
ExOne (XONE) engages in the development, manufacture and sale of three-dimensional printing machines and printing products in the Americas, Europe and Asia. This stock closed up 7% to $66.91 in Friday's trading session.
Friday's Volume: 1.56 million
Three-Month Average Volume: 687,913
Volume % Change: 170%
>>5 Stocks Under $10 Set to Soar From a technical perspective, XONE spiked sharply higher here and broke out above some near-term overhead resistance at $64.70 with above-average volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $51.08 to its intraday high on Friday of $67. During that uptrend, shares of XONE have been consistently making higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move higher in the short-term if XONE can manage to take out Friday's high of $67 with strong upside volume flows.
Traders should now look for long-biased trades in XONE as long as it's trending above Friday's low of $62.93 and then once it sustains a move or close above $67 with volume that hits near or above 687,913 shares. If we get that move soon, then XONE will set up to re-test or possibly take out its next major overhead resistance levels at $70 t $73. Lindsay
Lindsay (LNN) designs, manufactures and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the U.S. and internationally. This stock closed up 0.7% to $83.10 in Friday's trading session.
Friday's Volume 516,000
Three-Month Average Volume: 251,405
Volume % Change: 142%
From a technical perspective, LNN trended modestly higher here right above its 200-day moving average of $78.62 with above-average volume. This move is quickly pushing shares of LNN within range of triggering a near-term breakout trade. That trade will hit if LNN manages to take out some near-term overhead resistance levels at Friday's high of $84.91 to some more resistance at $85 with high volume.
Traders should now look for long-biased trades in LNN as long as it's trending above Friday's low of $80.05 or above its 200-day at $78.62 and then once it sustains a move or close above those breakout levels with volume that hits near or above 516,000 shares. If that breakout hits soon, then LNN will set up to re-test or possibly take out its next major overhead resistance levels at $89.95 to its 52-week high at $94.90.
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Marketo (MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing in the U.S. This stock closed up 8.3% to $41.22 in Friday's trading session.
Friday's Volume 957,000
Three-Month Average Volume: 406,490
Volume % Change: 126%
>>5 Rocket Stocks to Buy for 2014 Gains From a technical perspective, MKTO ripped sharply higher here and broke out into new all-time-high territory above some previous overhead resistance levels at $39.49 to $39.80 with above-average volume. Market players should now look for a continuation move higher in the short-term if MTKO can manage to take out Friday's high of $41.75 with high volume.
Traders should now look for long-biased trades in MTKO as long as it's trending above Friday's low of $37.52 and then once it sustains a move or close above its new all-time high of $41.75 with volume that hits near or above 406,490 shares. If we get that move soon, then MKTO will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $45 to $47.
To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.
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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.