Stock Quotes in this Article: DDD, FOSL, FWLT, SALE

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.

RetailMeNot

RetailMeNot (SALE) is a digital coupon marketplace that connects consumers with retailers and brands. This stock closed up 3% at $30.50 in Thursday's trading session.

Thursday's Volume: 848,000

Three-Month Average Volume: 380,275

Volume % Change: 126%

From a technical perspective, SALE trended higher here with above-average volume. This stock flirted with a breakout trade, since shares of SALE briefly traded above some near-term overhead resistance at $30.55. Shares of SALE tagged an intraday high of $30.64 before finishing the day at $30.50. Market players should now look for a continuation move higher in the short-term if SALE can manage to take out Thursday's high of $30.64 to its 50-day moving average of $30.68 with strong upside volume.

Traders should now look for long-biased trades in SALE as long as it's trending above Thursday's low of $29.60 or above more near-term support at $28 and then once it sustains a move or close above $30.64 to $30.68 with volume that's near or above 380,275 shares. If we get that move soon, then SALE will set up to re-test or possibly take out its next major overhead resistance levels at $34 to $35.58. Any high-volume move above those levels will then give SALE a chance to re-test or possibly take out its all-time high of $39.50.

Fossil Group

Fossil Group (FOSL) designs and markets fashion lifestyle and accessory products. This stock closed up 1.3% at $121.59 in Thursday's trading session.

Thursday's Volume: 1.20 million

Three-Month Average Volume: 730,353

Volume % Change: 70%

From a technical perspective, FOSL spiked modestly higher here right off some near-term support at $120 with above-average volume. This stock has been downtrending badly for the last two months, with shares moving lower from its high of $134.99 to its recent low of $117.50. During that downtrend, shares of FOSL have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of FOSL are now starting to spike higher off that $117.50 low with volume and it could be setting up to reverse its downtrend and enter a new uptrend.

Traders should now look for long-biased trades in FOSL as long as it's trending above $120 or $119 and then once it sustains a move or close above Thursday's high of $122.27 with volume that's near or above 730,353 shares. If we get that move soon, then FOSL will set up to re-test or possibly take out its next major overhead resistance levels at $123.90 to its 50-day moving average of $124.79. Any high-volume move above those levels will then give FOSL a chance to tag its next major overhead resistance levels at $127.50 to $130.

Foster Wheeler

Foster Wheeler (FWLT) is an international engineering, construction and project management contractor and power equipment supplier. This stock closed up 1.9% at $32.72 in Thursday's trading session.

Thursday's Volume: 1.71 million

Three-Month Average Volume: 1.08 million

Volume % Change: 80%

From a technical perspective, FWLT spiked modestly higher here right off some near-term support at $32 with above-average volume. This move pushed shares of FWLT into breakout and new 52-week high territory, since the stock took out some near-term overhead resistance at $32.27. Market players should now look for a continuation move higher in the short-term if shares of FWLT can manage to clear Thursday's high of $33.08 with strong upside volume.

Traders should now look for long-biased trades in FWLT as long as it's trending above support at $31 or above its 50-day at $29.60, and then once it sustains a move or close above $33.08 with volume that's near or above 1.08 million shares. If we get that move soon, then FWLT will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $37 to $40.

3D Systems

3D Systems (DDD) manufactures and sells 3D content-to-print solutions and 3D printing systems. This stock closed up 6.9% at $92.06 in Thursday's trading session.

Thursday's Volume: 6.23 million

Three-Month Average Volume: 4.70 million

Volume % Change: 75%

From a technical perspective, DDD spiked sharply higher here and broke out to a new 52-week high above some near-term overhead resistance at $91.01 with above-average volume. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $68.30 to its intraday high of $92.68. During that uptrend, shares of DDD 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 shares of DDD can manage to clear Thursday's high of $92.68 with high volume.

Traders should now look for long-biased trades in DDD as long as it's trending above Thursday's low of $88.05 and then once it sustains a move or close above $92.68 with volume that's near or above 4.70 million shares. If we get that move soon, then DDD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $100 to $110.

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.