Stock Quotes in this Article: GPRE, RRC, EA, KORS

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.

Range Resources

Range Resources (RRC) is an independent natural gas company engaged in the exploration, development and acquisition of primarily gas properties, mostly in the Southwestern and Appalachian regions of the U.S. This stock closed up 3.7% at $77.40 in Wednesday's trading session.

Wednesday's Volume: 5.72 million

Three-Month Average Volume: 1.38 million

Volume % Change: 278%

From a technical perspective, RRC spiked higher here back above both its 200-day at $76.27 and its 50-day at $76.96 with above-average volume. This stock recently formed a double bottom chart pattern at $72.54 to $72.69. Following that bottom, shares of RRC have now started to trend higher and move within range of triggering a big breakout trade. That trade will hit if RRC manages to take out Wednesday's high of $79.45 and some more near-term overhead resistance at $81.42 with high volume.

Traders should now look for long-biased trades in RRC as long as it's trending above its 200-day at $76.27 or above Wednesday's low of $75.72 and then once it sustains a move or close above those breakout levels with volume that this near or above 1.38 million shares. If that breakout hits soon, then RRC will set up to re-test or possibly take out its 52-week high at $85.23. Any high-volume move above that level will then give RRC a chance to tag $90.

Electronic Arts

Electronic Arts (EA) develops, markets, publishes and distributes video game software and content that could be played by consumers on a variety of platforms. This stock closed up 7.7% to $26 in Wednesday's trading session.

Wednesday's Volume: 12.93 million

Three-Month Average Volume: 3.84 million

Volume % Change: 219%

From a technical perspective, EA spiked sharply higher here and briefly traded above its 50-day moving average at $26.03 with heavy upside volume. This stock also flirted with a breakout intraday, after the stock challenged some near-term overhead resistance at $26.54. Shares of EA are now starting to move within range of triggering a big breakout trade. That trade will hit if EA manages to take out Wednesday's high of $27.24 to more resistance levels at $27.75 to $28, and then its 52-week high at $28.13 with high volume.

Traders should now look for long-biased trades in EA as long as it's trending above Wednesday's low of $25.69 or $25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.84 million shares. If that breakout hits soon, then EA will set up to enter new 52-week-high territory above $28.13, which is bullish technical price action. Some possible upside targets off that breakout are $33 to $35.

Green Plains Renewable Energy

Green Plains Renewable Energy (GPRE) is a producer, marketer and distributer of ethanol. This stock closed up 3.8% to $16.29 in Wednesday's trading session.

Wednesday's Volume: 1.36 million

Three-Month Average Volume: 498,026

Volume % Change: 178%

From a technical perspective, GPRE spiked higher here back above its 50-day moving average of $16.09 with strong upside volume. This stock has been trending sideways and consolidating for the last three months, with shares moving between $14.70 on the downside and $18.35 on the upside. Shares of GPRE are now starting to trend within range of triggering a big breakout trade above the upper-end of its recent range. That breakout will hit if GPRE manages to take out some near-term overhead resistance levels at $16.84 to $17.45, and then once it clears its 52-week high at $18.40 with high volume.

Traders should now look for long-biased trades in GPRE as long as it's trending above Wednesday's low of $15.57 or above key support at $14.70 and then once it sustains a move or close above those breakout levels with volume that hits near or above 498,026 shares. If that breakout hits soon, then GPRE will set up to enter new 52-week-high territory above $18.40, which is bullish technical price action. Some possible upside targets off that breakout are $23 to $25.

Michael Kors

Michael Kors (KORS) designs, markets and distributes women's apparel and accessories and men's apparel. This stock closed up 0.78% at $77.98 in Wednesday's trading session.

Wednesday's Volume: 6.27 million

Three-Month Average Volume: 3.47 million

Volume % Change: 93%

From a technical perspective, KORS spiked modestly higher here with strong upside volume. This stock has been uptrending for the last four months, with shares soaring higher from its low of $56.15 to its recent high of $78.83. During that move, shares of KORS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of KORS within range of triggering a major breakout trade. That trade will hit if KORS manages to take out Wednesday's high of $78.75 and its all-time high at $78.83 with high volume.

Traders should now look for long-biased trades in KORS as long as it's trending above Wednesday's low of $77.60 or above its 50-day at $74.63 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.47 million shares. If that breakout hits soon, then KORS will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $85 to $90.

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.