Stock Quotes in this Article: FII, HLF, IDA, MNTA, CMGE

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.

IdaCorp

IdaCorp (IDA) is engaged in the generation, transmission, distribution, sale and purchase of electric energy. This stock closed up 3.2% at $53.13 in Monday's trading session.

Monday's Volume: 1.17 million

Three-Month Average Volume: 276,588

Volume % Change: 332%

From a technical perspective, IDA gapped up notably higher here and broke out above some near-term overhead resistance at $52.94 with heavy upside volume. This stock has been uptrending strong for the last three months and change, with shares moving higher from its low of $45.24 to its intraday high of $53.44. During that uptrend, shares of IDA have been making mostly higher lows and higher highs, which is bullish technical price action. This move on Monday is now quickly pushing shares of IDA within range of triggering another big breakout trade. That trade will hit if IDA manages to take out Monday's high of $53.44 to its 52-week high at $54.74 with high volume.

Traders should now look for long-biased trades in IDA as long as it's trending above Monday's low of $52.17 or above its 50-day at $50.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 276,588 shares. If that breakout hits soon, then IDA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $58 to $60.

Federated Investors

Federated Investors (FII) is a provider of investment management products and related financial services. This stock closed up 4% at $27.20 in Monday's trading session.

Monday's Volume: 3 million

Three-Month Average Volume: 689,819

Volume % Change: 379%

From a technical perspective, FII spiked sharply higher here right off its 200-day moving average of $26.38 and back above its 50-day moving average of $27.19 with heavy upside volume. This move is starting to push shares of FII within range of triggering a near-term breakout trade. That trade will hit if FII manages to take out Monday's high of $27.89 to some more near-term overhead resistance at $28.71 with high volume.

Traders should now look for long-biased trades in FII as long as it's trending above its 200-day at $26.38 and then once it sustains a move or close above those breakout levels with volume that this near or above 689,819 shares. If that breakout hits soon, then FII will set up to re-test or possibly take out its 52-week high at $30.87. Any high-volume move above $30.87 will then give FII a chance to tag $32 to $33.

China Mobile Games and Entertainment Group

China Mobile Games and Entertainment Group (CMGE), a mobile gaming company, has a diversified portfolio of games for feature phones and smartphones. This stock closed up 3.7% to $19.10 in Monday's trading session.

Monday's Volume: 309,000

Three-Month Average Volume: 78,245

Volume % Change: 227%

From a technical perspective, CMGE spiked noticeably higher here right above its 50-day moving average of $17.14 with strong upside volume. This move is quickly pushing shares of CMGE within range of triggering a near-term breakout trade. That trade will hit if CMGE manages to take out Monday's high of $19.22 to some more near-term overhead resistance levels at $20.44 to $21 with high volume.

Traders should now look for long-biased trades in CMGE as long as it's trending above Monday's low of $17.85 or above its 50-day at $17.14 and then once it sustains a move or close above those breakout levels with volume that hits near or above 78,245 shares. If that breakout hits soon, then CMGE will set up to re-test or possibly take out its next major overhead resistance level at its all-time high of $23.35. Any high-volume move above those levels will then give CMGE a chance to tag $30.

Momenta Pharmaceuticals

Momenta Pharmaceuticals (MNTA) operates kidney dialysis centers and provides related lab services mainly in dialysis centers and in contracted hospitals across the U.S. This stock closed up 3.2% at $17.81 in Monday's trading session.

Monday's Volume: 1.12 million

Three-Month Average Volume: 353,662

Volume % Change: 251%

From a technical perspective, MNTA spiked notably higher here right above its 50-day moving average of $16.77 with bullish upside volume flows. This stock has been uptrending strong for the last two months and change, with shares moving higher from its low of $13.76 to its recent high of $18.15. During that uptrend, shares of MNTA have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MNTA within range of triggering a near-term breakout trade. That trade will hit if MNTA manages to take out Monday's high of $17.90 to its 52-week high at $18.15 with high volume.

Traders should now look for long-biased trades in MNTA as long as it's trending above its 50-day at $16.77 or above $16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 353,662 shares. If that breakout hits soon, then MNTA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $20 to $23.

Herbalife

Herbalife (HLF) is a global nutrition company that sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.. This stock closed up 9.4 % to $74.83 in Monday's trading session.

Monday's Volume: 7.21 million

Three-Month Average Volume: 2.70 million

Volume % Change: 191%

From a technical perspective, HLF spiked sharply higher here right above its 50-day moving average of $67.15 with heavy upside volume. This move is quickly pushing shares of HLF within range of triggering a major breakout trade. That trade will hit if HLF manages to take out Monday's high of $77.29 to its 52-week high at $77.39 with high volume.

Traders should now look for long-biased trades in HLF as long as it's trending above $73 or above $72 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.70 million shares. If that breakout hits soon, then HLF will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $90 to $100.

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.