Stock Quotes in this Article: CUTR, MNRO, TREX, WWW

WINDERMERE, Fla. (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.”

>>5 Stocks Set to Soar on Bullish Earnings

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.

>>5 Stocks Under $10 Set to Explode

Cutera

Cutera (CUTR) specializes in the design, development, manufacture, marketing and servicing of laser and light-based aesthetics systems for practitioners worldwide. This stock is trading up 7.4% at $12.45 in recent trading.

Today’s Volume: 251,000

Average Volume: 101,095

Volume % Change: 319%

From a technical perspective, CUTR is ripping higher here right off some near-term support at $11.34 with above-average volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $7.14 to its intraday high of $12.50. During that move, shares of CUTR have been mostly making higher lows and higher highs, which is bullish technical price action. That move has started to push shares of CUTR into breakout territory, since the stock has taken out some near-term overhead resistance at $12.40.

Traders should now look for long-biased trades in CUTR as long as it’s trending above $11.34, and then once it sustains a move or close above $12.40 to $12.50 with volume that hits near or above 101,095 shares. If that breakout triggers soon, then CUTR will set up to enter new 52-week-high territory above $12.50, which is bullish technical price action. Some possible upside targets off that move are $14 to $15 in the near future.

Wolverine World Wide

Wolverine World Wide (WWW) is a designer, manufacturer and marketer of a range of quality casual shoes, rugged outdoor and work footwear. This stock is trading up 3.7% at $44.51 in recent trading.

Today’s Volume: 1.42 million

Average Volume: 521,726

Volume % Change: 302%

From a technical perspective, WWW is soaring higher here right off its 200-day moving average of $42.31 with above-average volume. This move has started to push shares of WWW into breakout territory, since the stock has flirted with some near-term overhead resistance levels at $44.05 to $44.76 and $45.02 to 45.49. At last check, WWW has hit an intraday high of $45.61 and volume is well above its three-month average action of 521,726 shares.

Traders should now look for long-biased trades in WWW as long as it’s trending above $44.05, and then once it sustains a move or close above $44.76 to $45.61 with volume that hits near or above 521,726 shares. If that breakout triggers soon, then WWW will set up to re-fill some of its previous gap down zone from last September that started above $47.

Trex

Trex (TREX) is a manufacturer of wood-alternative decking, railing, fencing and trim products, which are marketed under the brand name Trex. This stock is trading up 3.5% to $45.90 in recent trading.

Today’s Volume: 741,000

Average Volume: 234,158

Volume % Change: 302%

From a technical perspective, TREX is bouncing higher here right above its 50-day moving average of $40.23 with above-average volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $24.51 to its intraday high of $46.12. During that move, shares of TREX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of TREX into breakout territory, since the stock has taken out its previous 52-week high of $45.48.

Traders should now look for long-biased trades in TREX as long as it’s trending above $45.48, and then once it sustains a move or close above today’s high of $46.12 with volume that hits near or above 234,158 shares. If that breakout triggers soon, then TREX will set up to enter new 52-week high territory above $46.12, which is bullish technical price action. Some possible upside targets off that breakout are $49 to $50 in the near future.

Monro Muffler Brake

Monro Muffler Brake (MNRO) is engaged mainly in providing automotive under car repair services in the U.S. This stock is trading up 4% at $38.78 in recent trading.

Today’s Volume: 877,000

Average Volume: 320,520

Volume % Change: 271%

From a technical perspective, MNRO is ripping higher here right off some near-term support at $37 with above-average volume. This move is quickly pushing shares of MNRO within range of triggering a near-term breakout trade. That trade will hit if MNRO manages to take out some key overhead resistance levels at $39.15 to $39.51 with high volume.

Traders should now look for long-biased trades in MNRO as long as it’s trending above $37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 877,000 shares. If that breakout triggers soon, then MNRO will set up to re-test or possibly take out its next major overhead resistance levels at $41.94 to $43.29.

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

-- Written by Roberto Pedone in Winderemere, Fla.


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 Windermere, Fla., 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.