Stock Quotes in this Article: CLH, GPOR, JKS, BCEI

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.

Clean Harbors (CLH), through its subsidiaries, provides environmental, energy and industrial services in the U.S., Puerto Rico, Canada and internationally. This stock closed up 2.2% to $47.26 in Friday's trading session.

Friday's Volume: 2.38 million

Three-Month Average Volume: 738,013

Volume % Change: 318%

From a technical perspective, CLH bounced higher here right above its recent low of $44.95 with strong upside volume. This stock recently gapped down sharply lower from around $54 to $44.95 with heavy downside volume. Following that move, shares of CLH have started to rebound off oversold levels, since its current relative strength index reading is 23.99. Oversold can always get more oversold, but it's also a level where a stock can experience a sharp bounce higher once buyers move in.

Traders should now look for long-biased trades in CLH as long as it's trending above Friday's low of $45.51 or above its recent low of $44.95 and then once it sustains a move or close above its gap-down-day high of $47.96 with volume that hits near or above 738,013 shares. If we get that move soon, the CLH will set up to re-fill some of its previous gap-down-day zone that started near $54.

JinkoSolar (JKS), together with its subsidiaries, engages in designing, developing, producing and marketing photovoltaic products in the People's Republic of China and internationally. This stock closed up 6.2% to $32.72 in Friday's trading session.

Friday's Volume: 4.71 million

Three-Month Average Volume: 2.05 million

Volume % Change: 121%

From a technical perspective, JKS bounced sharply higher here right off its 50-day moving average of $31.15 with above-average volume. This stock has been trending higher for the last month, with shares moving up from its low of $25.45 to its intraday high of $32.80. During that move, shares of JKS have been making mostly higher lows and higher highs, which is bullish technical price action. Traders should now look for a continuation move higher in the short-term if JKS manages to take out Friday's high of $32.80 with strong volume.

Traders should now look for long-biased trades in JKS as long as it's trending above its 50-day at $31.15 or above more near-term support at $30 and then once it sustains a move or close above Friday's high of $32.80 with volume that hits near or above 2.05 million shares. If we get that move soon, then JKS will set up to re-test or possibly take out its next major overhead resistance levels at $36 to its 52-week high at $37.98.

Gulfport Energy (GPOR) engages in the exploration, development and production of oil and natural gas properties. This stock closed up 6.4% to $66.15 in Friday's trading session.

Friday's Volume: 3.60 million

Three-Month Average Volume: 1.90 million

Volume % Change: 160%

From a technical perspective, GPOR ripped sharply higher here and broke out above some near-term overhead resistance at $65.78 with above-average volume. This stock has been uptrending strong for the last two months, with shares moving higher from its low of $52.28 to its intraday high of $66.39. During that uptrend, shares of GPOR 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 GPOR can manage to take out Friday's high of $66.39 with strong volume.

Traders should now look for long-biased trades in GPOR as long as it's trending above Friday's low of $62.27 and then once it sustains a move or close above $66.39 with volume that hits near or above 1.90 million shares. If we get that move soon, then GPOR will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $69.81.

Bonanza Creek Energy (BCEI) operates as an independent oil and natural gas company in the U.S. This stock closed up 7.6% at $49.97 in Friday's trading session.

Friday's Volume: 1.55 million

Three-Month Average Volume: 628,880

Volume % Change: 139%

From a technical perspective, BCEI gapped sharply higher here into breakout territory above some near-term overhead resistance at $48.58 with strong upside volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $37.71 to its intraday high of $50.44. During that move, shares of BCEI 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 BCEI manages to take out Friday's high of $50.44 with high volume.

Traders should now look for long-biased trades in BCEI as long as it's trending above Friday's low $48.63 or above $48 and then once it sustains a move or close above $50.44 with volume that hits near or above 628,880 shares. If that move starts soon, then BCEI will set up to re-test or possibly take out its next major overhead resistance levels at $53 to $54, or even its 52-week high at $57.47.

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.