Stock Quotes in this Article: BA, FLY, JKS, TRIB, RH

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.

Fly Leasing

Fly Leasing (FLY), a global lessor of modern, fuel-efficient commercial jet aircraft, is trading up 4.8% at $14.68 in recent trading.

Today's Volume: 1.40 million

Average Volume: 333,124

Volume % Change: 774%

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From a technical perspective, FLY is ripping higher here right off its 200-day moving average of $14.11 with heavy upside volume. This stock has been crushed during the last few trading sessions, with shares dropping from its high of $17.30 to its recent low of $14. During that move, shares of FLY have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of FLY have now started to bounce off oversold territory, since its relative strength index recently dipped below 30.

Traders should now look for long-biased trades in FLY as long as it's trending above its recent low of $14 and then once it sustains a move or close above $15 with volume that hits near or above 333,124 shares. If we get that move soon, then FLY will set up to continue its oversold bounce and possibly spike notably higher. Some possible upside targets off oversold levels are $16 to $16.50.

Trinity Biotech

Trinity Biotech (TRIB) develops, acquires, manufactures and markets medical diagnostic products for the clinical laboratory and point-of-care segments of the diagnostic market. This stock is trading up 4.8% at $18.01 in recent trading.

Today's Volume: 148,000

Average Volume: 53,614

Volume % Change: 267%

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From a technical perspective, TRIB is ripping higher here right above its 50-day at $16.79 with above-average volume. This move has pushed TRIB into breakout territory, since the stock has taken out some near-term overhead resistance levels at $17.40 to $17.71. Shares of TRIB are now quickly moving within range of triggering another major breakout trade. That trade will hit if TRIB manages to take out some more key resistance levels at $18.78 to its 52-week high at $19 with high volume.

Traders should now look for long-biased trades in TRIB as long as it's trending above $17.40 or above $17 and then once it sustains a move or close above those breakout levels with volume that hits near or above 53,614 shares. If that breakout triggers soon, then TRIB 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.

JinkoSolar

JinkoSolar (JKS), together with its subsidiaries, engages in designing, developing, producing and marketing photovoltaic products in the People’s Republic of China and internationally. This stock is trading up 16.1% at $11.85 in recent trading.

Today's Volume: 1.19 million

Average Volume: 658,578

Volume % Change: 236%

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From a technical perspective, JKS is soaring higher here with heavy upside volume. This move has started to push shares of JKS into breakout territory, since the stock has taken out some near-term overhead resistance at $11.64. This move has also pushed JKS into new 52-week-high territory, since the stock has printed an intraday high of $12.15.

Traders should now look for long-biased trades in JKS as long as it's trending above its key near-term breakout levels of $11.64 or above $10.44, and then once it sustains a move or close above its 52-week high at $12.15 with volume that hits near or above 658,578 shares. If that breakout triggers soon, then JKS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $14 to $17.50.

Restoration Hardware

Restoration Hardware (RH) operates as a luxury brands in the home furnishings marketplace offering furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. This stock is trading up 1% at $69.30 in recent trading.

Today's Volume: 801,000

Average Volume: 538,632

Volume % Change: 221%

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From a technical perspective, RH is spiking modestly higher here right above some near-term support at $68.15 with above-average volume. This stock recently dropped sharply from its high of $77.36 to $68.15. During that move, shares of RH have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of RH have held that $68.15 low and it's now moving within range of triggering a near-term breakout trade. That trade will hit if RH manages to take out some near-term overhead resistance at $70 with high volume.

Traders should now look for long-biased trades in RH as long as it's trending above some key near-term support at $68.15, and then once it sustains a move or close above $70 with volume that's near or above 538,632 shares. If that breakout triggers soon, then RH will set up to re-test or possibly take out its next major overhead resistance levels at $71 to $74.

Boeing

Boeing (BA) develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. This stock is trading up 3% at $105.08 in recent trading.

Today's Volume: 8.82 million

Average Volume: 5.53 million

Volume % Change: 137%

Shares of BA are trending higher today after it was found that a Boeing 787 fire in London on a plane owned by Ethiopian Airlines appears to be unrelated to its batteries. Britain's Air Accidents Investigation Branch said there was no evidence of a direct causal relationship between the 787's batteries and the fire on the Ethiopian Airlines plane.

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From a technical perspective, BA is spiking higher with heavy upside volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $71.85 to its recent high of $108.15. During that move, shares of BA have been mostly making higher lows and higher highs, which is bullish technical price action. That move is quickly pushing shares of BA within range of triggering a major breakout trade. That trade will hit if BA manages to take out its 52-week high at $108.15 with high volume.

Traders should now look for long-biased trades in BA as long as it's trending above today's low at $103.10 or above its 50-day at $100.07, and then once it sustains a move or close above its 52-week high at $108.15 with volume that's near or above 5.53 million shares. If that breakout triggers soon, then BA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $110 to $115, or even $120.

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.