Stock Quotes in this Article: AVGO, CLS, IGTE, MSCI, RNET

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.

MSCI

MSCI (MSCI) is a provider of investment decision support tools, including indices and portfolio risk and performance analytics for use by institutions in managing equity, fixed income and multi-asset class portfolios. This stock closed up 1.3% at $38.08 in Wednesday's trading session.

Wednesday's Volume: 1.03 million

Three-Month Average Volume: 516,717

Volume % Change: 113%

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From a technical perspective, MSCI bounced modestly higher here right off some near-term support at $37.52 with strong upside volume. This move is quickly pushing shares of MSCI within range of triggering a near-term breakout trade. That trade will hit if MSCI manages to take out its 52-week high at $38.82 with high volume.

Traders should now look for long-biased trades in MSCI as long as it's trending above some key near-term support levels at $37.52 or $37.23 and then once it sustains a move or close above its 52-week high at $38.82 with volume that's near or above 516,7171 shares. If that breakout hits soon, then MSCI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $40 to $43.

Avago Technologies

Avago Technologies (AVGO) is engaged in manufacturing semiconductor products such as optoelectronics, radio-frequency and microwave components, and application-specific integrated circuits. This stock closed up 4.7% at $38.28 in Wednesday's trading session.

Wednesday's Volume: 6.60 million

Three-Month Average Volume: 2.28 million

Volume % Change: 218%

Shares of AVGO ripped higher on Wednesday after the company reported a better-than-expected fiscal third quarter and gave a solid revenue forecast for its current quarter.

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From a technical perspective, AVGO jumped higher here back above its 50-day moving average of $37.41 with strong upside volume. This stock has been trending sideways for the last three months, with shares moving between $35.62 on the downside and $39.74 on the upside. This move on Wednesday is quickly pushing shares of AVGO within range of triggering a breakout trade above the upper-end of that recent range. That trade will hit if AVGO manage to take out Wednesday's high of $39.45 and then once it clears its 52-week high at $39.74 with high volume.

Traders should now look for long-biased trades in AVGO as long as it's trending above Wednesday's low of $37.90 or above its 50-day at $37.41, and then once it breaks out above those breakout levels with volume that's near or above 2.28 million shares. If that breakout hits soon, then AVGO will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $43 to $45.

Igate

Igate (IGTE) is a provider of integrated end-to-end offshore centric information technology and IT-enabled operations solutions and services. This stock closed up 8.5% at $23.38 in Wednesday's trading session.

Wednesday's Volume: 338,000

Three-Month Average Volume: 242,382

Volume % Change: 80%

Shares of IGTE ripped higher on Wednesday after Sidoti upgraded the stock to buy from neutral and raised its price target to $28 from $22.

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From a technical perspective, IGTE skyrocketed higher here and broke out above some near-term overhead resistance at $22.84 with above-average volume. This move is quickly pushing shares of IGTE within range of triggering another big breakout trade. That trade will hit if IGTE manages to take out some near-term overhead resistance levels at $23.90 to its 52-week high at $24.49 with high volume.

Traders should now look for long-biased trades in IGTE as long as it's trending above $22.84 or $22, and then once it sustains a move or close above those breakout levels with volume that's near or above 242,382 shares. If that breakout hits soon, then IGTE will set up to enter new 52-week-high territory above $24.49, which is bullish technical price action. Some possible upside targets off that breakout are $27 to $30.

Celestica

Celestica (CLS) delivers supply chain solutions to customers in the communications, consumer, enterprise computing, and diversified end markets. This stock closed up 4.9% at $10.70 in Wednesday's trading session.

Wednesday's Volume: 724,000

Three-Month Average Volume: 259,292

Volume % Change: 196%

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From a technical perspective, CLS bounced sharply higher here right above some near-term support at $10.19 and above its 50-day moving average of $9.99 with above-average volume. This move is quickly pushing shares of CLS within range of triggering a major breakout trade. That trade will hit if CLS manages to take out some near-term overhead resistance at $11 and its 52-week high at $11.30 with high volume.

Traders should now look for long-biased trades in CLS as long as it's trending above its 50-day at $9.99 and then once it sustains a move or close above those breakout levels with volume that this near or above 259,292 shares. If that breakout triggers soon, then CLS will set up to enter new 52-week-high territory above $11.30, which is bullish technical price action. Some possible upside targets off that breakout are $13 to $15.

RigNet

RigNet (RNET) provides managed communications and other network-based services for upstream oil and gas industry. This stock closed up 2.6% at $34.61 in Wednesday's trading session.

Wednesday's Volume: 204,000

Three-Month Average Volume: 59,640

Volume % Change: 190%

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From a technical perspective, RNET bounced notably higher here right above some near-term support levels at $33 to $32 with above-average volume. This stock has been uptrending strong for the last six months, with shares pushing higher from its low of $19.21 to its recent high of $35.37. During that uptrend, shares of RNET have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of RNET within range of triggering a near-term breakout trade. That trade will hit if RNET manages to take out its all-time high at $35.37 with high volume.

Traders should now look for long-biased trades in RNET as long as it's trending above some key near-term support levels at $33 or $32 and then once it sustains a move or close above its all-time high at $35.37 with volume that hits near or above 59,640 shares. If that breakout hits soon, then RNET will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $43.

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.