Stock Quotes in this Article: ANW, JKS, WGO, UBNT, NVDQ

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.

Novadaq Technologies

Novadaq Technologies (NVDQ) develops, manufactures and markets real-time fluorescence imaging technology products that are designed for use by surgeons in the operating room and other clinical settings. This stock closed up 2.2% at $15.33 in Wednesday's trading session.

Wednesday's Volume: 490,000

Three-Month Average Volume: 196,967

Volume % Change: 195%

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From a technical perspective, NVDQ trended modestly higher here right off some near-term support at $15 with above-average volume. This move is quickly pushing shares of NVDQ within range of triggering a major breakout trade. That trade will hit if NVDQ manages to take out some near-term overhead resistance at $15.66 and then once it clears its all-time high at $15.85 with high volume.

Traders should now look for long-biased trades in NVDQ as long as it's trending above support at $15 or above its 50-day at $14.20 and then once it sustains a move or close above those breakout levels with volume that's near or above 196,967 shares. If that breakout hits soon, then NVDQ will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $20 to $23.

Winnebago Industries

Winnebago Industries (WGO) is a manufacturer of motor homes that are self-contained recreation vehicles used mainly in leisure travel and outdoor recreation activities. This stock closed up 2.6% at $24.58 in Wednesday's trading session.

Wednesday's Volume: 385,000

Three-Month Average Volume: 292,731

Volume % Change: 70%

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From a technical perspective, WGO trended notably higher here right above its 50-day moving average of $23.36 and into breakout territory above resistance at $24.20 with above-average volume. This stock has been uptrending for the last few weeks with bullish upside volume flows from its low of $21.26 to its intraday high of $24.78. During that move, shares of WGO have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of WGO within range of triggering a major breakout trade. That trade will hit if WGO manages to take out Wednesday's high of $24.78 to its 52-week high at $25.95 with high volume.

Traders should now look for long-biased trades in WGO as long as it's trending above its 50-day at $23.36 or above $22 and then once it sustains a move or close above those breakout levels with volume that's near or above 292,731 shares. If that breakout triggers soon, then WGO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $30 to $33.

Ubiquiti Networks

Ubiquiti Networks (UBNT) develops high-performance networking technology for service providers and enterprises. This stock closed up 7.2% at $33.80 in Wednesday's trading session.

Wednesday's Volume: 1.04 million

Three-Month Average Volume: 583,786

Volume % Change: 155%

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From a technical perspective, UBNT soared higher here right above some near-term support at $30 with above-average volume. This move pushed shares of UBNT into breakout territory, since the stock took out some near-term overhead resistance at $33.68. Shares of UBNT are now quickly moving within range of triggering an even bigger breakout trade. That trade will hit if UBNT manages to take out some near-term overhead resistance at $34.99 to its all-time high at $37.40 with high volume.

Traders should now look for long-biased trades in UBNT as long as it's trending above Wednesday's low of $31.86 and then once it sustains a move or close above those breakout levels with volume that's near or above 583,786 shares. If that breakout hits soon, then UBNT will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $45 to $48.

JinkoSolar

JinkoSolar (JKS) is a solar power product manufacturer. This stock closed up 6.1% at $19.94 in Wednesday's trading session.

Wednesday's Volume: 1.77 million

Three-Month Average Volume: 1.06 million

Volume % Change: 115%

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From a technical perspective, JKS spiked sharply higher here into new 52-week high territory with above-average volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $3.96 to its intraday high of $20.19. During that uptrend, shares of JKS have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in JKS as long as it's trending above Wednesday's low of $18.82 or above more support at $18 and then once it sustains a move or close above its new 52-week high at $20.19 with volume that's near or above 1.06 million shares. If that breakout hits 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 $25 to $27.

Aegean Marine Petroleum

Aegean Marine Petroleum (ANW) is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. This stock closed up 6% at $11.45 in Wednesday's trading session.

Wednesday's Volume: 1.09 million

Three-Month Average Volume: 277,047

Volume % Change: 245%

From a technical perspective, ANW jumped sharply higher here right above some near-term support at $10.50 with heavy upside volume. This move pushed shares of ANW into breakout and new 52-week high territory, after the stock took out some near-term overhead resistance at $11.28. Shares of ANW have been uptrending strong for the last month and change, with shares moving higher from its low of $8.39 to its intraday high of $12. During that move, shares of ANW have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in ANW as long as it's trending above support at $10.50, and then once it sustains a move or close above its new 52-week high at $12 with volume that's near or above 277,047 shares. If that breakout hits soon, then ANW will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $13 to $15.

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.