Stock Quotes in this Article: JDSU, OKE, SZYM

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.

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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 recently.

ONEOK

ONEOK (OKE) operates as a diversified energy company in the U.S. This stock closed up 2% to $68.49 in Friday's trading session.

Friday's Volume: 7.19 million

Three-Month Average Volume: 1.33 million

Volume % Change: 446%

From a technical perspective, OKE jumped notably higher here right above some near-term support at $64.84 with heavy upside volume. This stock has been uptrending strong for the last five months, with shares moving higher from its low of $50.21 to its intraday high on Friday of $68.55. During that uptrend, shares of OKE 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 OKE manages to take out Friday's high and its new 52-week high at $68.55 with strong volume.

Traders should now look for long-biased trades in OKE as long as it's trending above Friday's low of $66.21 or above more support at $64.84 and then once it sustains a move or close above $68.55 with volume that hits near or above 1.33 million shares. If we get that move soon, then OKE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $70 to $73.

JDS Uniphase

JDS Uniphase (JDSU) provides communications test and measurement solutions, and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers, original equipment manufacturers, enterprises, government organizations, distributors, and strategic partners worldwide. This stock closed up 4.4% at $13.29 in Friday's trading session.

Friday's Volume: 17.47 million

Three-Month Average Volume: 5.25 million

Volume % Change: 249%

From a technical perspective, JDSU gapped up sharply higher here with above-average volume. This move briefly pushed shares of JDSU into breakout territory, after the stock flirted with some near-term overhead resistance levels at $13.37 and at its 200-day moving average of $13.68. Shares of JDSU closed just below those levels at $13.29.

Traders should now look for long-biased trades in JDSU as long as it's trending above Friday's low of $13.26 or above $13 and then once it sustains a move or close above Friday's high of $13.86 to $14 with volume that this near or above 5.25 million shares. If we get that move soon, then JDSU will set up to re-fill some of its previous gap-down-day zone from November of last year that started just above $15. If that gap gets filled with volume then JDSU could make a run at its 52-week high of $16.61.

Solazyme

Solazyme (SZYM) produces and sells renewable oil for chemicals and fuels, nutrition, and skin and personal care markets. This stock closed up 32.7% at $12.97 in Friday's trading session.

Friday's Volume: 4.98 million

Three-Month Average Volume: 803,502

Volume % Change: 710%

From a technical perspective, SZYM skyrocketed higher here right off its 200-day moving average of $10.59 with monster upside volume. This move pushed shares of SZYM into breakout territory, after the stock took out some near-term overhead resistance levels at $10.84 to $11.49 and then $12.10. Market players should now look for a continuation move higher in the short-term if SZYM manages to take out its 52-week high at $13.09 with high volume.

Traders should now look for long-biased trades in SZYM as long as it's trending above $12 or $11.50 and then once it sustains a move or close above $13.09 with volume that hits near or above 803,502 shares. If we get that move soon, then SZYM 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 $14.34 to $16.31, or even $18.

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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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.