Stock Quotes in this Article: CPTS, GRMN, ORIG, CTRX, AEGN

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.”

 

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.

 

Aegion

 

Aegion (AEGN) provides proprietary technologies and services for the rehabilitation and strengthening of sewer, water, energy, and mining piping systems, as well as buildings, bridges, tunnels, and waterfront structures; and the corrosion protection of industrial pipelines in North America and internationally. This stock is trading up 2.7% at $17.87 in recent trading.

 

Today’s Volume: 246,000

 

Average Volume: 180,169

 

Volume % Change: 76%

 

Shares of AEGN are ripping higher today after Ladenbur upgraded the stock to buy from neutral and reiterated its $23 price target. The firm said catalysts include improving trends following the company’s second quarter results.

 

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From a technical perspective, AEGN is continuing its uptrend here right after the stock recently found buying interest off its 50-day moving average of $16.97. This move is now pushing AEGN within range of triggering a near-term breakout trade. That trade will trigger once AEGN takes out some near-term overhead resistance at $18.94 with high volume.

 

Traders should now look for long-biased trades in AEGN as long as its trending above its 50-day, and once it sustains a move or close above $18.94 with high volume. Look for volume on that move that’s near or above its three-month average action of 180,169 shares. If we get that action soon, then look for AEGN to re-test and possibly take out its 2012 high of $20.25.

 

Garmin

 

Garmin (GRMN) is a provider of navigation, communication and information devices and applications, which are enabled by GPS technology. This stock is trading up 1.4% at $39.17 in recent trading.

 

Today’s Volume: 3.2 million

 

Average Volume: 1.1 million

 

Volume % Change: 247%

 

Shares of GRMN are moving notably higher here after the company crushed Wall Street estimates with 70% earnings growth in the second quarter as the personal navigation maker registered an increase in revenue and market-share gains.

 

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From a technical perspective, GRMN is bouncing right near its 50-day moving average of $38.88, and it’s starting to challenge its 200-day moving average of $41.15. At last check, GRMN has hit an intraday high of $41.87 and volume is well above its three-month average action of 1,103,150 shares.

 

Traders should now look for long-biased trades as long as GRMN is trending above its 200-day moving average at $41.14 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,103,150 shares as bullish. If GRMN can hold that trend, then look for this stock to hit $43 to $45 in the near future.

 

Conceptus

 

Conceptus (CPTS) designs, develops, markets and promotes solutions in women’s health care. Conceptus’ flagship product is the Essure permanent birth control procedure, which is the non-surgical permanent birth control system. This stock is trading up 5.4% at $19.60 in recent trading.

 

Today’s Volume: 545,000

 

Average Volume: 283,574

 

Volume % Change: 268%

 

From a technical perspective, CPTS is gapping up sharply here back above its 50-day moving average of $18.92 with heavy volume. This move is quickly pushing the stock within range of triggering a major near-term breakout trade. That trade will hit once CPTS takes out some near-term overhead resistance levels at 20.62 to $20.65 with high volume.

 

Traders should now look for long-biased trades in CPST if it can sustain a trend above its recent low of $18.29, and then trigger that breakout with high volume. Look for volume on that move that hits near or above its three-month average action of 283,574 shares. If we get that action soon, then this stock has an excellent chance to hit $23 to $25 in the near future.

 

Ocean Rig UDW

 

Ocean Rig UDW (ORIG) is a Marshall Islands-registered international offshore drilling contractor. Ocean Rig UDW provides oilfield services for offshore oil and gas exploration, development and production drilling. This stock is trading up 6.4% at $15.95 in recent trading.

 

Today’s Volume: 392,000

 

Average Volume: 164,147

 

Volume % Change: 198%

 

From a technical perspective, ORIG is bouncing sharply to the upside here right off its 200-day moving average of $15.03. This move has also pushed ORIG into breakout territory, since the stock has started to trend above some near-term overhead resistance at $15.80.

 

Traders should now look for long-biased trades in ORIG as long as it maintains its trend above its 200-day and above $15.80 with strong upside volume flows. I would consider any upside volume day that registers near or above 164,147 shares as bullish. If we continue to see that trend, then ORIG has a great chance of re-testing and possibly taking out its next significant overhead resistance levels at $16.65 to $18.26.

 

Guidance Software

 

Guidance Software's (GUID) EnCase platform provides an investigative infrastructure that enables its customers to search, collect, and analyze electronically stored information in order to address human resources matters, litigation matters, allegations of fraud, suspicious network endpoint activity and defend their organization’s data assets. This stock is trading up 9% at $10.77 in recent trading.

 

Today’s Volume: 189,000

 

Average Volume: 88,291

 

Volume % Change: 186%

 

Shares of GUID are soaring today after the company beat Wall Street earnings estimates by 3 cents and raised its 2012 EPS guidance.

 

From a technical perspective, GUID is gapping up sharply here with above average volume. This move has pushed GUID into breakout territory, since the stock has cleared some overhead resistance levels at $9.97 to $10.20.

 

Traders should now look for long-biased trades in GUID as long as its trending above today’s low of $10.28 with strong upside volume flows. I would consider any upside volume day that registers near or above 88,291 shares as bullish. If we continue to see that trend, then GUID will have a great chance to re-test and possibly take out it next major overhead resistance levels at $11.56 to $11.87.

 

Catamaran

 

Catamaran (CTRX) is a provider of pharmacy benefit management services and health care information technology solutions to the healthcare benefit management industry. This stock is trading up 3% at $87.60 in recent trading.

 

Today’s Volume: 1.4 million

 

Average Volume: 1.1 million

 

Volume % Change: 50%

 

Shares CTRX are moving notably higher today after the company’s second quarter earnings jumped 27%, as acquisitions and new customers helped their revenue grow. But the company lowered its 2012 earnings forecast.

 

From a technical perspective, CTRX is bouncing higher here right off some near-term support at $85 with high volume. At last check, CTRX has hit an intraday high of $92 but it has since then pulled back to its current price of $87.60.

 

Traders should now look to play the next major breakout for CTRX once this stock takes out its 50-day moving average of $92.02 with high volume. Traders should now look for long-biased trades as long as CTRX is trending above today’s low of $84.93, and then once it clears $92.02 with high volume. Look for a sustained move or close above $92.02 with volume that’s near or above 1,128,410 shares. If we get that action soon, then CTRX will have a great chance of re-testing and taking out its next major overhead resistance levels at $95 to $104.79.

 

Changeyou.com

 

Changeyou.com (CYOU) is an online game developer and operator in China. Changyou is engaged in the development, operation and licensing of online games, including massively multiplayer online games, which are interactive online games. This stock is trading up 4.4% at $19.83 in recent trading.

 

Today’s Volume: 224,000

 

Average Volume: 153,841

 

Volume % Change: 103%

 

Shares of CYOU are trending higher in front of its earnings report which is set for Monday, August 6, 2012.

 

From a technical perspective, CYOU is ripping higher here and breaking out above some near-term overhead resistance at $19.24 with heavy volume. This move is quickly pushing CYOU within range of taking out its 50-day moving average of $20.37.

 

Traders should now look for long-biased trades in front of its earnings report, if CYOU can sustain a move or close above its 50-day with high volume. Look for volume on that move that’s near or above 153,841 shares. If we get that action soon, then CYOU will have a great chance of tagging its next major overheard resistance levels of $21.70 to $22.70 ahead of its earnings report.

 

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.