Stock Quotes in this Article: ARW, BKS, CALL, RRGB

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.

Barnes & Noble

Barnes & Noble (BKS) operates as a content, commerce, and technology company in the U.S. This stock closed up 8.8% to $16.06 in Monday's trading session.

Monday's Volume: 4.05 million

Three-Month Average Volume: 1.36 million

Volume % Change: 232%

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From a technical perspective, BKS ripped sharply higher here back above its 50-day moving average of $14.89 with strong upside volume. This move is quickly pushing shares of BKS within range of triggering a big breakout trade. That trade will hit if BKS manages to take out some near-term overhead resistance levels at $16.40 to $17.31 with high volume.

Traders should now look for long-biased trades in BKS as long as it's trending above Monday's low of $14.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.36 million shares. If that breakout hits soon, then BKS will set up to re-test or possibly take out its next major overhead resistance levels at $18.66 to $18.94. Any high-volume move above those levels will then give BKS a chance to trend north of $20.

Red Robin Gourmet Burgers

Red Robin Gourmet Burgers (RRGB), together with its subsidiaries, develops, operates, and franchises casual-dining restaurants in the U.S. and Canada. This stock closed up 13% at $75.26 in Monday's trading session.

Monday's Volume: 694,942

Three-Month Average Volume: 164,539

Volume % Change: 303%

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From a technical perspective, RRGB gapped up sharply higher here back above its 50-day moving average of $70.29 with above-average volume. This move also pushed shares of RRGB into breakout territory, since the stock took out some near-term overhead resistance at $72.23. Share of RRGB are now starting to trend within range of triggering another big breakout trade. That trade will hit if RRGB manages to take out Monday's high of $75.59 to some more near-term overhead resistance at $77.09 with high volume.

Traders should now look for long-biased trades in RRGB as long as it's trending above Monday's low of $69 and then once it sustains a move or close above those breakout levels with volume that this near or above 164,539 shares. If that breakout hits soon, then RRGB will set up to re-test or possibly take out its next major overhead resistance levels t $81.17 to its 52-week high at $86.83.

MagicJack VocalTec

MagicJack VocalTec (CALL) provides voice over Internet protocol services in the U.S. This stock closed up 18.1% at $16.25 in Monday's trading session.

Monday's Volume: 2.29 million

Three-Month Average Volume: 464,587

Volume % Change: 432%

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From a technical perspective, CALL skyrocketed higher here back above its 200-day moving average of $13.95 with monster upside volume. This super-spike also pushed shares of CALL into breakout territory, since the stock took out some near-term overhead resistance at $15.23. Shares of CALL are now quickly moving within range of triggering another big breakout trade. That trade will hit if CALL manages to take out Monday's high of $16.30 to some past overhead resistance at $16.57 with high volume.

Traders should now look for long-biased trades in CALL as long as it's trending above Monday's low of $14.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 464.587 shares. If that breakout hits soon, then CALL will set up to re-test or possibly take out its next major overhead resistance levels at $19.28 to $20, or even $21.

Arrow Electronics

Arrow Electronics (ARW) provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. This stock closed up 1.6% at $53.29 in Monday's trading session.

Monday's Volume: 1.11 million

Three-Month Average Volume: 610,366

Volume % Change: 116%

From a technical perspective, ARW jumped modestly higher here right off its 50-day moving average of $52.26 with above-average volume. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $47.75 to its intraday high of $53.44. During that uptrend, shares of ARW have been consistently making higher lows and higher highs, which is bullish technical price action. This spike high on Monday is now starting to push shares of ARW within range of triggering a major breakout trade. That trade will hit if ARW manages to take out Monday's high of $53.44 to its 52-week high at $54.77 with high volume.

Traders should now look for long-biased trades in ARW as long as it's trending above its 50-day at $52.26 or above $51 and then once it sustains a move or close above those breakout levels with volume that's near or above 610,366 shares. If that breakout hits soon, then ARW will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $60 to $65.

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.