Stock Quotes in this Article: WWWW, QIWI, GOGO, TNXP, FWM

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.

Tonix Pharmaceuticals

Tonix Pharmaceuticals (TNXP) is a specialty pharmaceutical company focused on developing novel pharmaceutical products for challenging disorders of the CNS. This stock closed up 10.4% at $11.04 in Thursday's trading session.

Thursday's Volume: 530,000

Three-Month Average Volume: 164,338

Volume % Change: 159%

From a technical perspective, TNXP soared sharply higher here and broke out above some near-term overhead resistance at $10.72 with above-average volume. This stock has been on a tear over the last two months, with shares uptrending from its low of $3.61 to its intraday high of $11.20. During that uptrend, shares of TNXP have been making mostly higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in TNXP as long as it's trending above Thursday's low of $9.88 or above more support at $9 and then once it sustains a move or close above Monday's high of $11.20 with volume that hits near or above 164,338 shares. If we get that move soon, then TNXP will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $15.

Gogo

Gogo (GOGO) provides in-flight Internet connectivity and wireless in-cabin digital entertainment solutions in the U.S. and internationally.. This stock closed up 5.6% at $26.64 in Thursday's trading session.

Thursday's Volume: 5.79 million

Three-Month Average Volume: 2.03 million

Volume % Change: 152%

From a technical perspective, GOGO gapped notably higher here right off its 50-day moving average of $24.37 with strong upside volume. This stock has been downtrending badly over the last month, with shares falling from its high of $35.77 to its recent low of $23.31. During that downtrend, shares of GOGO have been making mostly lower highs and lower lows, which is bearish technical price action. That said, this bounce on Thursday could be setting up shares of GOGO to reverse its downtrend and enter a new uptrend, since the stock has found buying interest near its 50-day.

Traders should now look for long-biased trades in GOGO as long as it's trending above its 50-day at $24.37 and then once it sustains a move or close above Thursday's high of $27.30 to some near-term overhead resistance just above $28 with volume that this near or above 2.03 million shares. If we get that move soon, then GOGO will set up to re-test or possibly take out its next major overhead resistance levels at $32.48 to its all-time high at $35.77.

Qiwi

Qiwi (QIWI) provides payment services across physical, online and mobile channels in Russia and the CIS. This stock closed up 2.3% at $55.98 in Thursday's trading session.

Thursday's Volume: 443,000

Three-Month Average Volume: 435,567

Volume % Change: 50%

From a technical perspective, QIWI spiked modestly higher here with above-average volume. This stock has been uptrending very strong for the last six months, with shares moving higher from its low of $21.56 to its recent high of $57.39. During that uptrend, shares of QIWI have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of QIWI within range of triggering a near-term breakout trade. That trade will hit if QIWI manages to take out Thursday's high of $56.50 to its all-time high at $57.39 with high volume.

Traders should now look for long-biased trades in QIWI as long as it's trending above some near-term support at $52.50 or above more key near-term support at $51.15, and then once it sustains a move or close above those breakout levels with volume that's near or above 435,567 shares. If that breakout hits soon, then QIWI will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $60 to $65.

Fairway Group

Fairway Group (FWM) sells fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings. This stock closed up 4.4% at $17.78 in Thursday's trading session.

Thursday's Volume: 1.03 million

Three-Month Average Volume: 380,883

Volume % Change: 134%

From a technical perspective, FWM spiked sharply higher here with above-average volume. This stock has been downtrending badly for the last two months, with shares sliding lower from its high of $25.78 to its recent low of $15.37. During that downtrend, shares of FWM have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of FWM have now started to spike higher off that $15.37 low with volume and its downtrend looks to be over. Market players should watch for a continuation move higher in the short-term if FWM can manage to take out Thursday's high of $18.40 with strong upside volume.

Traders should now look for long-biased trades in FWM as long as it's trending above some key near-term support levels at $17 or at $16 and then once it sustains a move or close above $18.40 with volume that's near or above 380,883 shares. If we get that move soon, then FWM will set up to re-test or possibly take out its next major overhead resistance levels at $19.28 to its 50-day moving average of $20.41. Any high-volume move above those levels will then give FWM a chance to tag its next major overhead resistance levels at $22.37 to $23.

Web.com Group

Web.com Group (WWWW) is a domain name registrar and a provider of a full line of Internet services for small to medium-sized businesses. This stock closed up 3.9% at $32.38 in Thursday's trading session.

Thursday's Volume: 1.29 million

Three-Month Average Volume: 848,748

Volume % Change: 71%

From a technical perspective, WWWW spiked notably higher here and broke out above some past overhead resistance at $31.84 with above-average volume. This stock has been uptrending strong over the last two months, with shares moving higher from its low of $25.67 to its intraday high of $32.48. During that uptrend, shares of WWWW have been consistently making higher lows and higher highs, which is bullish technical price action. This move has now pushed shares of WWWW within range of triggering another big breakout trade. That trade will hit if WWWW manages to take out Thursday's high of $32.48 to its 52-week high at $33.70 with high volume.

Traders should now look for long-biased trades in WWWW as long as it's trending above Thursday's low of $31.42 or above $30, and then once it sustains a move or close above those breakout levels with volume that's near or above 848,748 shares. If that breakout hits soon, then WWWW will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $37 to $40.

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.