Stock Quotes in this Article: INVN SPA CMTL FENG

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.

Phoenix New Media

Phoenix New Media (FENG) is a new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. This stock closed up 2.9% at $12.62 in Monday's trading session.

Monday's Volume: 1.73 million

Three-Month Average Volume: 643,232

Volume % Change: 175%

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From a technical perspective, FENG trended higher here heavy upside volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $3.79 to its intraday high of $13. During that move, shares of FENG have been consistently making higher lows and higher highs, which is bullish technical price action. This move on Monday pushed shares into breakout and new 52-week-high territory, since the stock took out some resistance at $12.57.

Traders should now look for long-biased trades in FENG as long as it's trending above some near-term support levels at $12 or at $11 and then once it sustains a move or close above Monday's high of $13 with volume that's near or above 634,232 shares. If we get that move soon, then FENG will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that move are $14 to $16.

Comtech Telecommunications

Comtech Telecommunications (CMTL) designs, develops, produces and markets products, systems and services for advanced communications solutions. This stock closed up 4.2% at $26.86 in Monday's trading session.

Monday's Volume: 273,000

Three-Month Average Volume: 58,572

Volume % Change: 335%

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From a technical perspective, CMTL ripped higher here right above both its 50-day at $25.38 and its 200-day at $25.51 with strong upside volume. This move is quickly pushing shares of CMTL within range of triggering a big breakout trade. That trade will hit if CMTL manages to take out Monday's high of $27 and then once it clears more resistance at $27.67 to its 52-week high at $27.89 with high volume.

Traders should now look for long-biased trades in CMTL as long as it's trending above its 50-day at $25.38, and then once it sustains a move or close above those breakout levels with volume that's near or above 58,572 shares. If that breakout hits soon, then CMTL will set up to enter new 52-week-high territory above $27.89, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $30 to $33.

Sparton

Sparton (SPA) is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution and field service. This stock closed up 4.9% at $26.54 in Monday's trading session.

Monday's Volume: 154,000

Three-Month Average Volume: 53,426

Volume % Change: 155%

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From a technical perspective, SPA trended sharply higher here right above some near-term support at $25 with above-average volume. This move briefly pushed SPA into breakout and new 52-week-high territory, after the stock flirted with some near-term overhead resistance at $26.44. Shares of SPA closed just below that resistance level at $26.54 with volume that was well above its three-month average action of 53,426 shares.

Traders should now look for long-biased trades in SPA as long as it's trending above support at $25 and then once it sustains a move or close above Monday's intraday high of $26.65 with volume that's near or above 53,426 shares. If we get that move soon, then SPA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $30 to $33.

InvenSense

InvenSense (INVN) designs, develops, markets and sells micro-electro-mechanical system gyroscopes for motion tracking devices in consumer electronics. This stock closed up 5.8% at $19.71 in Monday's trading session.

Monday's Volume: 4.74 million

Three-Month Average Volume: 2.81 million

Volume % Change: 70%

Shares of INVN jumped higher on Monday after Craig-Hallum said the company has three new design wins that include Google's Nexus 5, Amazon Kindle Fire HD and Samsung Galaxy Gear.

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From a technical perspective, INVN ripped higher here right above its 50-day moving average at $17.51 with heavy upside volume. This move pushed shares of INVN into breakout and new 52-week-high territory, after the stock took out some near-term overhead resistance at $19.36. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $9.10 to its intraday high of $19.90. During that move, shares of INVN have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in INVN as long as it's trending above Monday's low of $18.44 or above its 50-day at $17.51 and then once it sustains a move or close above its new 52-week high at $19.90 with volume that hits near or above 2.81 million shares. If we get that move soon, then INVN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are its all-time high at $22.35 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.