Stock Quotes in this Article: COP, CTCT, MCP, SI, TKC

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. Many times when above average volume moves into 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.

Turkcell

Turkcell (TKC) is a provider of mobile communications services in Turkey. This stock is trading up 6.3% at $14.82 in recent trading.

Today’s Volume: 1.1 million

Average Volume: 512,700

Volume % Change: 346%

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From a technical perspective, TKC is gapping up strong here with heavy volume. This move has pushed TKC into breakout territory, since shares have moved above some near-term overhead resistance levels at $14.33 to $14.36.

Traders should now look for long-biased trades in TKC as long as it can hold its trend above $13.70 with strong upside volume flows. I would consider any upside volume day that registers near or above 512,700 shares as bullish. If TKC can hold that trend, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $15.75 to $16.84.

Molycorp

Molycorp (MCP) is a rare earth oxide producer in the Western hemisphere. This stock is trading up 4.3% at $11.56 in recent trading.

Today’s Volume: 7.3 million

Average Volume: 5 million

Volume % Change: 228%

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From a technical perspective, MCP is ripping higher here with monster upside volume. This move is quickly pushing MCP within range of triggering a near-term breakout trade. That trade will hit once MCP takes out some near-term overhead resistance levels at $12.54 to $13.20 with high volume.

Traders should now look for long-biased trades in MCP if it can hold its near-term support levels at $11 to $10.88, and then once it sustains a move or close above $12.54 to $13.20 with volume that’s near or above 5 million shares. At last check, MCP has hit an intraday high of $11.86 and volume is well above its three-month average action. If that breakout triggers soon, then MCP will have a great chance to re-fill its previous gap and potentially hit its next significant overhead resistance levels at $16 to $18.

Molycorp was also recently featured in "4 Hot Stocks to Trade (or Not)."

Trex

Trex (TREX) manufactures and distributes wood/plastic composite products, as well as related accessories, primarily for residential and commercial decking and railing applications. This stock is trading up 2.6% at $30.81 in recent trading.

Today’s Volume: 290,000

Average Volume: 228,649

Volume % Change: 171%

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From a technical perspective, TREX is moving modestly higher here with above average volume, and it’s starting to push into breakout territory above some near-term overhead resistance at $30.06. This stock has recently spiked big from a low of $24.51 to today’s intraday high of $31.06.

Traders should now look for long-biased trades in TREX as long as it’s trending above its 50-day moving average of $28.88 with strong upside volume flows. I would consider any upside volume day that registers near or above 228,649 shares as bullish. If TREX can hold its trend above $28.88, and more importantly above $30.06, then this stock will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $31.66 to $32.46.

Siemens

Siemens (SI) is an integrated technology company with activities in the fields of industry, energy and healthcare. This stock is trading up 1% at $94.17 in recent trading.

Today’s Volume: 824,000

Average Volume: 651,343

Volume % Change: 170%

From a technical perspective, SI is moving modestly higher here with above average volume, and it’s starting to push into breakout territory above some past overhead resistance at $94.08.

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Traders should now look for long-biased trades in SI as long as it’s trending above its 200-day moving average of $91.81 with strong upside volume flows. I would consider any upside volume day that registers near or above 651,343 shares as bullish. If SI can hold its trend above $91.81, and more importantly above $94.08, then it has a great chance of re-testing or taking out its next major overhead resistance levels at $97.50 to $102.50.

I would avoid SI or look for short-biased trades if it fails to hold above those levels and then drops below some previous support at $90 with high volume.

ConocoPhillips (COP) is an international integrated energy company. This stock is trading up 1.1% at $56.77 in recent trading.

Today’s Volume: 8.3 million

Average Volume: 8.7 million

Volume % Change: 80%

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From a technical perspective, COP is gapping higher here with above average volume right off some near-term support at $56. This move is quickly pushing COP within range of triggering a major breakout trade. That trade will hit once COP manages to take out some near-term overhead resistance at $57.77 with high volume.

Traders should now look for long-biased trades as long as COP is trending above its 50-day at $55.41, and then once it sustains a move or close above $57.77 with volume that’s near or above 8,717,440 shares. If that breakout triggers soon, then COP has an excellent chance of re-testing or possibly taking out its next major overhead resistance levels at $58.24 to $58.66.

Pretium Resources

Pretium Resources (PVG) engages in the acquisition, exploration, and development of precious metal resource properties in the Americas. This stock is trading up 2.2% at $14.34 in recent trading.

Today’s Volume: 150,000

Average Volume: 111,577

Volume % Change: 123%

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From a technical perspective, PVG is trending higher here with above average volume. This move has briefly pushed PVG back above both its 50-day moving average at $14.28 and its 200-day moving average at $14.33. At last check, PVG has hit an intraday high of $14.71, but it’s subsequently pulled back to its current level of $14.34.

Traders should now look for long-biased trades in PVG if it can sustain a move or close back above both its 50-day and 200-day moving averages with high volume. Look for volume on that move that registers near or above 111,577 shares. If PVG can hold a trend above those key moving averages, then it will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $15.91 to $16.99.

Constant Contact

Constant Contact (CTCT) is a provider of on-demand engagement marketing tools, including e-mail marketing, social media marketing, event marketing and online survey products. This stock is trading up 3% at $19.02 in recent trading.

Today’s Volume: 469,000

Average Volume: 569,671

Volume % Change: 77%

Shares of CTCT are moving sharply higher today after meeting with the company’s management, Stifel Nicolaus said it believes their fiscal 2013 revenue growth could surpass 20%. Now, the firm is more confident that demand for the company’s core email-marketing business is still healthy and has stabilized. Stifel Nicolaus maintained its buy rating on the stock.

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From a technical perspective, CTCT is moving to the upside here with decent volume right off some near-term support at its 50-day moving average of $18.21. This move is quickly pushing CTCT within range of triggering a major breakout trade. That trade will hit once CTCT takes out some near-term overhead resistance levels at $20.35 to $21.40 with high volume.

Traders should now look for long-biased trades once CTCT sustains a move or close above those levels with volume that’s near or above 569,671 shares. If that breakout triggers soon, then CTCT will have an excellent chance of re-testing or possibly taking out its next major overhead resistance levels at $22.78 to its 200-day moving average of $23.49. On the flipside, I would avoid CTCT or look for short-biased trades if it fails to trigger that breakout, and then moves back below some near-term support at $17.65 with high volume.

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 stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.