Stock Quotes in this Article: BIDU, FOE, SHLO, RPXC

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.

>>5 Hated Earnings Stocks You Should Love

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.

>>5 Stocks Insiders Love Right Now

With that in mind, let's take a look at several stocks rising on unusual volume today.

RPX

RPX (RPXC) provides a subscription-based patent risk management solution that facilitates more efficient exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. This stock closed up 5.4% at $18.29 in Wednesday's trading session.

Wednesday's Volume: 1.55 million

Three-Month Average Volume: 385,937

Volume % Change: 343%

From a technical perspective, RPXC gapped sharply higher here right off its 50-day moving average of $17.16 with heavy upside volume. This move pushed shares of RPXC into breakout territory, since the stock took out some near-term overhead resistance at $18.12. Shares of RPXC are now starting to trend within range of triggering another big breakout trade. That trade will hit if RPXC manages to take out some key overhead resistance levels at $19.88 to $20.38 with high volume.

Traders should now look for long-biased trades in RPXC as long as it's trending above Wednesday's low of $17.89 or its 50-day at $17.16 and then once it sustains a move or close above those breakout levels with volume that hits near or above 385,937 shares. If that breakout hits soon, then RPXC will set up to re-test or possibly take out its next major overhead resistance levels at $24 to $27.

Baidu

Baidu (BIDU) is a Chinese language Internet search provider. This stock closed up 3.4% at $164.93 in Wednesday's trading session.

Wednesday's Volume: 14.10 million

Three-Month Average Volume: 3.57 million

Volume % Change: 290%

From a technical perspective, BIDU ripped higher here and briefly entered new 52-week high territory with heavy upside volume. This stock entered breakout territory, after it took out some near-term overhead resistance at $167.55, before closing just below that level at $164.74. Market players can now put shares of BIDU on their radar for a continuation move higher in the near-term.

Traders should now look for long-biased trades in BIDU as long as it's trending above Wednesday's low of $159.75 and then once it sustains a move or close above Wednesday's high of $169.75 with volume that's near or above 3.57 million shares. If we get that move soon, then BIDU will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $185 to $190.

Shiloh Industries

Shiloh Industries (SHLO) provides light weighting and noise, vibration and harshness solutions to automotive, commercial vehicle and other industrial markets. This stock closed up 4% at $15.14 in Wednesday's trading session.

Wednesday's Volume: 221,000

Three-Month Average Volume: 57,135

Volume % Change: 300%

From a technical perspective, SHLO surged higher here right above some near-term support at $14.35 with heavy upside volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of $11 to its recent high of $15.23. During that move, shares of SHLO have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SHLO within range of triggering a big breakout trade. That trade will hit if SHLO manages to take out Wednesday's high of $15.15 and then its 52-week high at $15.23 with high volume.

Traders should now look for long-biased trades in SHLO as long as it's trending above some near-term support at $14.35 and then once it sustains a move or close above those breakout levels with volume that's near or above 57,135 shares. If that breakout hits soon, then SHLO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $20 to $23.

Ferro

Ferro (FOE) is a producer of specialty materials and chemicals that are sold to a range of manufacturers who, in turn, make products for many end-use markets. It offers electronic, color and glass materials, including conductive metal pastes. This stock closed up 3% at $12.37 in Wednesday's trading session.

Wednesday's Volume: 2.08 million

Three-Month Average Volume: 869,748

Volume % Change: 215%

From a technical perspective, FOE trended higher here right above some near-term support at $11.68 with strong upside volume. This stock has been uptrending strong for the last four months, with shares moving higher from its low of $6.19 to its recent high of $12.53. During that uptrend, shares of FOE have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of FOE within range of triggering a near-term breakout trade. That trade will hit if FOE manages to take out Wednesday's high of $12.49 to its 52-week high at $12.53 with high volume.

Traders should now look for long-biased trades in FOE as long as it's trending above near-term support at $11.68 or at $11 and then once it sustains a move or close above those breakout levels with volume that's near or above 869,748 shares. If that breakout hits soon, then FOE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $15 to $17.

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.


RELATED LINKS:







Follow Stockpickr on Twitter and become a fan on Facebook.

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.