Stock Quotes in this Article: CCC, FUL, MSM, NCS

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.

HB Fuller

HB Fuller (FUL) formulates, manufactures and markets adhesives, sealants and other specialty chemical products worldwide. This stock closed up 1% at $51.96 in Wednesday's trading session.

Wednesday's Volume: 643,000

Three-Month Average Volume: 236,463

Volume % Change: 203%

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From a technical perspective, FUL trended modestly higher here right above some near-term support levels at $50.73 to its 50-day moving average at $49.97 with above-average volume. This stock has been uptrending strong for the last four months, with shares moving higher from its low of $36.87 to its recent high of $52.70. During that uptrend, shares of FUL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of FUL within range of triggering a near-term breakout trade. That trade will hit if FUL manages to take out Wednesday's high of $51.98 to its 52-week high of $52.70 with high volume.

Traders should now look for long-biased trades in FUL as long as it's trending above some key near-term support levels at $50.73 or above its 50-day at $49.97 and then once it sustains a move or close above those breakout levels with volume that's near or above 236,463 shares. If that breakout triggers soon, then FUL will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $57 to $60.

Calgon Carbon

Calgon Carbon (CCC) provides services and solutions for purifying water and air, food, beverage, and industrial process streams primarily in the U.S., Europe and Japan. This stock closed up 2.6% at $20.70 in Wednesday's trading session.

Wednesday's Volume: 1.19 million

Three-Month Average Volume: 267,241

Volume % Change: 379%

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From a technical perspective, CCC spiked notably higher here right off its 50-day moving average of $20.18 with strong upside volume. This move is quickly pushing shares of CCC within range of triggering a big breakout trade. That trade will hit if CCC manages to take out some near-term overhead resistance levels at $20.99 to its 52-week high at $21 with high volume.

Traders should now look for long-biased trades in CCC as long as it's trending above its 50-day at $20.18 or above more near-term support at $20.02 and then once it sustains a move or close above those breakout levels with volume that this near or above 267,241 shares. If that breakout hits soon, then CCC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $25 to $27.

MSC Industrial Direct

MSC Industrial Direct (MSM), together with its subsidiaries, markets and distributes metalworking and maintenance, repair and operations supplies primarily in the U.S. This stock closed up 3.8% at $84.51 in Wednesday's trading session.

Wednesday's Volume: 1.52 million

Three-Month Average Volume: 440,752

Volume % Change: 282%

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From a technical perspective, MSM ripped higher here right above some near-term support at $80.29 with heavy upside volume. This stock has been uptrending strong for the last two months, with shares moving higher from its low of $74.87 to its recent high of $82.51. During that uptrend, shares of MSM have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MSM within range of triggering a major breakout trade. That trade will hit if MSM manages to take out some near-term overhead resistance levels at $85.21 to its 52-week high at $87.92 with high volume.

Traders should now look for long-biased trades in MSM as long as it's trending above its 200-day at $79.54 or above its 50-day at $78.73 and then once it sustains a move or close above those breakout levels with volume that hits near or above 440,752 shares. If that breakout hits soon, then MSM will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $95 to $100.

NCI Building Systems

NCI Building Systems (NCS) manufactures and markets metal products for the nonresidential construction industry in North America. This stock closed up 5.9% to $17.91 in Wednesday's trading session.

Wednesday's Volume: 1 million

Three-Month Average Volume: 230,325

Volume % Change: 307%

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From a technical perspective, NCS ripped sharply higher here right above its 50-day moving average of $16.42 with heavy upside volume. This move is quickly pushing shares of NCS within range of triggering a major breakout trade. That trade will hit if NCS manages to take out its 52-week high at $17.98 with high volume.

Traders should now look for long-biased trades in NCS as long as it's trending above its 50-day moving average of $16.42 and then once it sustains a move or close above its 52-week high at $17.98 with volume that hits near or above 230,325 shares. If that breakout triggers soon, then NCS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $23 to $25.

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.