Stock Quotes in this Article: CBOE, DE, ACHC, WGP

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 today.

Deere

Deere (DE) manufactures and distributes agriculture and turf equipment and construction and forestry /////// .equipment worldwide. This stock closed up 2% to $84.52 in Wednesday's trading session.

Wednesday's Volume: 8.69 million

Three-Month Average Volume: 2.95 million

Volume % Change: 173%

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From a technical perspective, DE gapped higher here back above its 200-day moving average of $84.51 with above-average volume. This move briefly pushed shares of DE into breakout territory, since the stock flirted with some near-term overhead resistance levels at $84.75 to $85.16. Shares of DE closed just below those breakout levels at $84.52. Market players should now look for a continuation move higher in the short-term if DE can take out Wednesday's high of $85.49 with strong volume.

Traders should now look for long-biased trades in DE as long as it's trending above Wednesday's low of $84.18 or above its 50-day at $82.87 and then once it sustains a move or close above $85.49 with volume that hits near or above 2.95 million shares. If we get that move soon, then DE will set up to re-test or possibly take out its next major overhead resistance levels at $88 to $89. Any high-volume move above $89 will then give DE a chance to tag its next major overhead resistance level at $92.74.

Western Gas Equity Partners

Western Gas Equity Partners (WGP) owns, operates, acquires and develops oil and gas properties. This stock closed up 2.3% at $41.11 in Wednesday's trading session.

Wednesday's Volume: 169,000

Three-Month Average Volume: 73,109

Volume % Change: 136%
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From a technical perspective, WGP spiked modestly higher here right above some near-term support at $40 with above-average volume. This move briefly pushed shares of WGP into breakout territory, since the stock flirted with some past overhead resistance at $41.33. Shares of WGP closed just below that breakout level at $41.11. Market players should now look for a continuation move higher in the short-term if WGP can manage to take out Wednesday's high of $41.90 to its all time high at $44.27 with strong volume.

Traders should now look for long-biased trades in WGP as long as it's trending above Wednesday's low of $40.16 to more near-term support at $39 and then once it sustains a move or close above $41.90 to $44.27 with volume that's near or above 73,109 shares. If we get that move soon, then WGP will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that move are $50 to $52.

Acadia Healthcare

Acadia Healthcare (ACHC) develops and operates a network of behavioral health facilities, providing premier psychiatric and chemical dependency services to its patients. This stock closed up 2.2% at $44.97 in Wednesday's trading session.

Wednesday's Volume: 360,000

Three-Month Average Volume: 216,898

Volume % Change: 57%

From a technical perspective, ACHC spiked modestly higher here into new 52-week high territory with above-average volume. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $30.70 to its intraday high of $44.38. During that uptrend, shares of ACHC have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in ACHC as long as it's trending above support at $43 or at $42 and then once it sustains a move or close above its new 52-week high at $45.38 with volume that's near or above 216,898 shares. If we get that move soon, then ACHC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $50 to $52.

CBOE Holdings

CBOE Holdings (CBOE) is engaged in the trading of options on individual equities, market indices and exchange-traded funds. This stock closed up 3% at $52.92 in Wednesday's trading session.

Wednesday's Volume: 920,000

Three-Month Average Volume: 518,163

Volume % Change: 80%

From a technical perspective, CBOE spiked higher here and broke out above some near-term overhead resistance at $52.02 with above-average volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of $44.58 to its intraday high of $52.97. During that uptrend, shares of CBOE have been making mostly higher lows and higher highs, which is bullish technical price action. This move on Wednesday' also pushed shares of CBOE into new 52-week-high territory, which is bullish.

Traders should now look for long-biased trades in CBOE as long as it's trending above Wednesday's low of $51.21 or above $50, and then once it sustains a move or close above its new 52-week high at $52.97 with volume that's near or above 518,163 shares. If we get that move soon, then CBOE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $58 to $60.

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.