Stock Quotes in this Article: IPAR, JOBS, ROVI, SHLM, UNXL

WINDERMERE, Fla. (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.

Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by “superinvestors.”

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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.

With that in mind, let's take a look at several stocks rising on unusual volume today.

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Uni-Pixel

Uni-Pixel (UNXL) is a development stage company that has developed, patented and demonstrated a new color display technology in the form of proof of concept prototypes, which it calls Time Multiplexed Optical Shutter. This is trading up 15.9% at $15.90 in recent trading.

Today’s Volume: 1.01 million

Average Volume: 272,666

Volume % Change: 524%

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From a technical perspective, UNXL is ripping higher here right above some near-term support at $13.35 with monster upside volume. This move has started to push UNXL into breakout territory, since the stock has started to challenge some previous overhead resistance levels at $15.74 to $16.33. At last check, shares of UNXL have hit an intraday high of $16.77 and volume is well above its three-month average action of 272,666 shares.

Traders should now look for long-biased trades in UNXL as long as it’s trending above today’s low of $14.24, and then once it sustains a move or close above $15.74 to $16.77 with volume that hits near or above 272,666 shares. If UNXL can maintain that trend, then this stock has a solid chance of hitting $20 or higher in the near future.

Rovi

Rovi (ROVI) focuses on powering the discovery and enjoyment of digital entertainment by providing a broad set of integrated solutions. This stock is trading up 5.8% at $16.78 in recent trading.

Today’s Volume: 2.20 million

Average Volume: 969,433

Volume % Change: 351%

Shares of ROVI are ripping higher today after the company said it would look to sell its Rovi Entertainment Store business.

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From a technical perspective, ROVI is gapping higher here right above its 50-day moving average of $15.21 with monster upside volume. This move has started to push ROVI into breakout territory, since the stock is challenging some previous overhead resistance levels at $16.42 to $16.91. At last check, ROVI have hit an intraday high of $17.13 and volume is well above its three-month average action of 969,433 shares.

Traders should now look for long-biased trades in ROVI as long as it’s trending above $15.75, and then once it sustains a move or close above $16.91 to $17.13 with volume that hits near or above 969,433 shares. If ROVI can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $17.50 to its 200-day moving average of $19.24.

A Schulman

A Schulman (SHLM) supplies plastic compounds, resins and engineered plastics. This stock is trading up 4.4% at $30.40 in recent trading.

Today’s Volume: 315,000

Average Volume: 117,262

Volume % Change: 338%

From a technical perspective, SHLM is ripping higher here right above some near-term support at $28 with above-average volume. This move has started to push SHLM into breakout territory, since the stock has cleared some near-term overhead resistance at $30. This move has also pushed SHLM into new 52-week high territory above $30, which is bullish technical price action.

Traders should now look for long-biased trades in SHLM as long as it’s trending above today’s low of $29.51 with strong upside volume flows. Traders can also use that key near-term support at $28 for an area to look for long-biased trades. I would consider any upside volume day that registers near or above its three-month average volume of 117,262 shares as bullish. If SHLM can maintain that trend, then this stock has a solid chance of hitting $33 to $35 in the near future.

Inter Parfums

Inter Parfums (IPAR) operates in the fragrance business, and manufacture, market and distributes an array of fragrances and fragrance related products. This stock is trading up 1% at $20.10 in recent trading.

Today’s Volume: 119,000

Average Volume: 75,154

Volume % Change: 162%

From a technical perspective, IPAR is ripping higher here right above its 50-day moving average of $18.99 with above-average volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit if IPAR manages to take out some near-term overhead resistance levels at $20.12 to $20.90 with high volume. At last check, IPAR has hit an intraday high of $20.80 and volume is well above its three-month average action of 75,154 shares.

Traders should now look for long-biased trades in IPAR as long as it’s trending above its 50-day moving average of $18.99, and then once it sustains a move or close above those breakout levels with volume that hits near or above 75,154 shares. If that breakout hits soon, then IPAR will set up to re-test or possibly take out its next major overhead resistance levels at $23 to $24.11.

51job

51job (JOBS) is a nationwide provider of integrated human resource services in China, with a strong focus on recruitment advertising. This stock is trading up 8% at $52.52 in recent trading.

Today’s Volume: 121,000

Average Volume: 58,975

Volume % Change: 216%

From a technical perspective, JOBS is bouncing strongly to the upside here right off its 50-day moving average of $49.26 with above-average volume. This stock recently formed a double bottom chart pattern at $45.01 to $45.60. Following that bottom, shares of JOBS have spiked well above both its 50-day and 200-day moving averages. That move is now pushing JOBS within range of triggering a major breakout trade. That trade will hit if JOBS manages to take out some near-term overhead resistance levels at $54 to $54.50 with high volume.

Traders should now look for long-biased trades in JOBS if it manages to sustain a move or close above those breakout levels at $54 to $54.50 with volume that hits near or above 58,975 shares. If that breakout triggers soon, then JOBS will set up to re-test or possibly take out its next major overhead resistance levels at $60 to $61.40.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., 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.