Stock Quotes in this Article: FINL, INTU, SCVL, SGEN, YHOO

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.

Yahoo!

Yahoo! (YHOO) is a digital media company. Through the company’s technology and insights, Yahoo! delivers digital content and experiences, across devices and globally. This stock is trading up 5.1% at $15.63 in recent trading.

Today’s Volume: 17.2 million

Average Volume: 16 million

Volume % Change: 140%

Shares of Yahoo! are soaring higher today after reports surfaced from Bloomberg that the company is in talks to sell about 20% of Alibaba Group back to the Chinese Internet company for about $7 billion.

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From a technical perspective, YHOO is gapping up sharply here on above average volume. This move is pushing YHOO within range of triggering a breakout trade above some near-term overhead resistance at $15.77.

Traders should now look for long-biased trades if YHOO can sustain a move or close above $15.77 with high volume. Look for volume on that move that’s near or above 16,020,200 shares. If we get that action soon, look for YHOO to tag its next significant overhead resistance levels at $16.31 to $16.79.

Yahoo!, one of Third Point's holdings, was also featured recently in "5 Stocks With New CEOs to Stay Away From."

Shoe Carnival

Shoe Carnival (SCVL) is a family footwear retailer. Shoe Carnival offers customers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. This stock is trading up 7.2% at $21.31 in recent trading.

Today’s Volume: 133,000

Average Volume: 106,803

Volume % Change: 136%

Shares of SCVL are moving sharply higher today after the company beat Wall Street earnings estimates by 3 cents per share, reported revenues in-line and guided second quarter EPS below consensus.

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From a technical perspective, SCVL is ripping higher here back above its 50-day moving average of $19.89 on above average volume. This move is also pushing SCVL into breakout territory since the stock has taken out some near-term overhead resistance at $21.12.

Traders should continue to look for long-biased trades as long as SCVL is trending above its 50-day and $21.12 with strong upside volume flows. I would consider upside volume that’s near or well above 106,803 shares as bullish. If we get that action, look for SCVL to hit its next significant overhead resistance levels at $22.61 to $22.70 and possibly take those levels out.

Intuit

Intuit (INTU) is a provider of business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals and financial institutions. This stock is trading up 1.1% at $55.04 in recent trading.

Today’s Volume: 3 million

Average Volume: 2.4 million

Volume % Change: 121%

From a technical perspective, INTU is bouncing right off its 200-day moving average of $53.30 here with above average volume. At last check, INTU has hit an intraday high of $56.90 but has since then pulled back towards its current price of around $55.

Traders should now only consider long-biased trades in INTU if it can manage to trigger a near-term breakout trade. That trade will hit once INTU takes out its 50-day moving average of $58.40, and then some near-term overhead resistance at $59 with high-volume. Look for a sustained move or close above those levels with volume that’s near or above 2,355,820 shares. If we get that action soon, then INTU could fill a previous gap back towards $62.

On the flipside, I would look for short-biased trades if INTU moves back below its 200-day with high-volume.

Intuit shows up on a recent list of 15 Apple-Like Stocks That Could Bear Similar Fruit.

Finish Line

Finish Line (FINL) is an athletic footwear store offering large selection of men's, women's and kids' performance and athletic casual shoes, as well as an assortment of apparel and accessories. This stock is trading up 5.1% at $21.33 in recent trading.

Today’s Volume: 1.07 million

Average Volume: 1.01 million

Volume % Change: 103%

Shares of FINL are ripping higher today after the company reported better-than-expected first-quarter results. The company said profit rose to $128 million, or 83 cents per share, from $94 million, or 60 cents per share from the year-ago period.

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From a technical perspective, FINL has started to move back above its 200-day moving average of $20.99 with decent volume. At last check, this stock has pulled back off its intraday high of $22.14 with shares now changing hands near $21.50.

Traders should now only look for long-biased trades if FINL can trigger a breakout trade above its 50-day moving average of $22.50 and then some near-term overhead resistance at $23.30 with high-volume. Look for a sustained move or close above those levels with volume that’s near or above 1,011,670 shares. If we get that move, then FINL could fill a gap from back in April that started near $25.

Interactive Intelligence Group

Interactive Intelligence Group (ININ) is a provider of software application suites for VOIP business communications.. This stock is trading up 1% at $24.99 in recent trading.

Today’s Volume: 56,000

Average Volume: 74,231

Volume % Change: 73%

From a technical perspective, ININ is bouncing here right off some near-term support at $24.66 with decent volume. This stock has sold off hard recently from $32.33 to that $24.66 low. That selloff has created an oversold condition since its current relative strength index reading is 25.

Oversold can always get more oversold, but traders can now look for long-biased trades if ININ takes out its daily high of $25.85 with volume. Look for a sustained move or close above that level with volume that’s near or above 74,231 shares. If we get that action soon, then ININ could possibly re-test its 200-day moving average of $28.29.

On the flipside, I would look for short-biased trades if ININ takes out that support level at $24.66 with volume.

Seattle Genetics

Seattle Genetics (SGEN) is a biotechnology company focused on the development and commercialization of monoclonal antibody-based therapies for cancer. This stock is trading up 2.5% at $20.82 in recent trading.

Today’s Volume: 1.8 million

Average Volume: 1.1 million

Volume % Change: 198%

From a technical perspective, SGEN exploded higher in earlier trading and even triggered a breakout move above some near-term overhead resistance at $21.04 with monster volume. At last check, SGEN has pulled back off its intraday high of $21.99 to its current price around $20.80.

Traders should now only look for long-biased trades if SGEN is trending above $21.04 and today’s high of $21.99 with strong upside volume flows. I would consider any volume that’s near or above 1.1 million shares as bullish. If we get that action, look for SGEN to re-test its 2011 high of $22.40 in the near future.

I also featured Seattle Genetics recently in "5 Stocks Set to Soar on Bullish Earnings."

Middleby

Middleby (MIDD), through its operating subsidiaries, is engaged in the design, manufacture, marketing, distribution, and service of a line of cooking and warming equipment used in all types of commercial restaurants and institutional kitchens, and food preparation, cooking and packaging equipment for food processing operations. This stock is trading up 2.4% at $100.67 in recent trading.

Today’s Volume: 113,000

Average Volume: 104,100

Volume % Change: 80%

From a technical perspective, MIDD is moving modestly higher here back above its 50-day moving average of $99.63 on decent volume.

Traders should continue to look for long-biased trades as long as MIDD is tending above that 50-day with strong upside volume flows. I would consider any up day that registers volume near or above 104,100 as bullish. If MIDD can maintain its trend above the 50-day, then it should re-test its next major overhead resistance level at $104. If we get that move, then any high-volume move over $104 should be considered very bullish since it will mean that MIDD is trending in all-time high territory.

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.