Stock Quotes in this Article: IMMR, TSRA, SCTY

MADISON, 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."

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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.

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Tessera Technologies

Tessera Technologies (TSRA), through its subsidiaries, develops, licenses and delivers miniaturization technologies and products for electronic devices worldwide. This stock is trading up 2.8% at $20.62 in recent trading.

Today's Volume: 338,000

Average Volume: 359,186

Volume % Change: 50%

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From a technical perspective, TSRA is ripping higher here right above some near-term support at $19.16 with decent upside volume. This stock has been uptrending strong for the last four months, with shares soaring higher from its low of $15.44 to its intraday high of $20.69. During that move, shares of TSRA have been consistently making higher lows and higher highs, which is bullish technical price action. Shares of TSRA have now started to move into breakout territory, since the stock has taken out some near-term overhead resistance at $20.44.

Traders should now look for long-biased trades in TSRA as long as it's trending above today's low of $19.64 and then once it sustains a move or close above its 52-week high at $20.85 with volume that hits near or above 359,186 shares. If we get that move soon, then TSRA will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets if we get that action are $22 to $25.

Immersion

Immersion (IMMR) develops, manufactures, licenses and supports a range of hardware and software technologies and products that enhance digital devices with touch interaction. This stock is trading up 4.8% at $14.92 in recent trading.

Today's Volume: 496,000

Average Volume: 413,644

Volume % Change: 103%

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From a technical perspective, IMMR is trending higher here with above-average volume. This stock has been uptrending strong for the last month, with shares soaring higher from its low of $10.20 to its intraday high of $15.12. During that move, shares of IMMR have been consistently making higher lows and higher highs, which is bullish technical price action. Shares of IMMR have now started to enter breakout territory, since the stock has taken out some near-term overhead resistance at $14.84.

Traders should now look for long-biased trades in IMMR as long as it's trending above some key near-term support at $13.14 and then once it sustains a move or close above $14.84 to its 52-week high at $15.12 with volume that hits near or above 413,644 shares. If we get that move soon, then IMMR will set up to enter new 52-week-high territory above $15.12, which is bullish technical price action. Some possible upside targets off that move are $17 to $20.

SolarCity

SolarCity (SCTY) is engaged in designing, sales, engineering, installation, monitoring, maintenance and financing of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. This stock is trading up 3.6% to $48.50 in recent trading.

Today's Volume: 1.97 million

Average Volume: 1.33 million

Volume % Change: 94%

From a technical perspective, SCTY is spiking higher here with above-average volume. This move is quickly pushing shares of SCTY within range of triggering a near-term breakout trade. That trade will hit if SCTY manages to take out some near-term overhead resistance levels at $52.50 to its all-time high at $52.77 with high volume.

Traders should now look for long-biased trades in SCTY as long as it's trending above today's low of $46.80, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.33 million shares. If that breakout triggers soon, then SCTY will set up to enter new all-time high territory above $52.77, which is bullish technical price action. Some possible upside targets off that breakout are $55 to $60.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Madison, Wis.

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

Roberto Pedone, based out of Madison, 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.