Stock Quotes in this Article: CMG, TCK, VALE, YOKU, YNDX

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.

 

Youku Tudou

Youku Tudou (YOKU) is an Internet television company in the People’s Republic of China. This stock is trading up 5.6% at $17.67 in recent trading.

Today’s Volume: 1.2 million

Average Volume: 1.3 million

Volume % Change: 116%

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From a technical perspective, YOKU is ripping high here with decent volume, and this stock is flirting with its 50-day moving average of $17.96. This stock recently formed a double bottom at around $15.46 to $15.83. At last check, YOKU has hit an intraday high of $18.09 and volume is just a touch below its three-month average action o 1.3 million shares.

Traders should now look for long-biased trades in YOKU as long as it’s trending above its 50-day at $17.96 with strong upside volume flows. I would consider any upside volume day that registers near or above 1.3 million shares as bullish. If YOKU can maintain that trend, then this stock has a great chance of re-testing or possibly taking out its next significant overhead resistance levels at $19.33 to its 200-day moving average of $20.99.

Chipotle Mexican Grill

Chipotle Mexican Grill (CMG) develops and operates fast-casual, fresh Mexican food restaurants throughout the U.S., as well as two restaurants in Toronto and two in London. This stock is trading up 5.3% at $318.57 in recent trading.

Today’s Volume: 1.2 million

Average Volume: 838,625

Volume % Change: 228%

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From a technical perspective, CMG is moving sharply higher here with above average volume. This move is quickly pushing CMG within range of triggering a major breakout trade. That trade will hit once CMG takes out its 50-day moving average of $323.17, and then once it clears its gap down day high from July of $335.80 with high volume.

Traders should now look for long-biased trades in CMG once sustains a move or close above those levels with volume that’s near or above 838,625 shares. If that breakout triggers soon, then CMG will have a great chance of re-filling some of that massive gap that started above $400.

Yandex

Yandex (YNDX) is an Internet company in Russia. This stock is trading up 2.4% at $23.06 in recent trading.

Today’s Volume: 1.7 million

Average Volume: 1.4 million

Volume % Change: 178%

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From a technical perspective, YNDX is moving modestly higher here with above average volume. This move has pushed YNDX into breakout territory, since it’s taken out some overhead resistance levels at $21.79 to $22.80.

Traders should now look for long-biased trades in YNDX as long as its trending above today’s low of $22.31 with strong upside volume flows. I would consider any upside volume day that registers near or above 1.4 million shares as bullish. If YNDX can maintain that trend, and especially hold its trend above those breakout levels, then this stock has a great chance of trending much higher. Some upside targets are $25 to $26 and possibly even $28.

Carpenter Technology

Carpenter Technology (CRS) is engaged in the manufacturing, fabrication and distribution of specialty metals. This stock is trading up 2.4% at $49.53 in recent trading.

Today’s Volume: 648,000

Average Volume: 407,590
Volume % Change: 217%

From a technical perspective, CRS is bouncing here right off its 50-day moving average of $48.15 with above average volume. This move is quickly pushing CRS within range of triggering a major breakout trade. That trade will hit once CRS takes out its 200-day moving average of $50.13, and then some more overhead resistance at $51.78 with high volume.

Traders should now look for long-biased trades in CRS as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 407,590 shares. If that breakout triggers soon, then CRS has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $55 to $57.

Proto Labs

Proto Labs (PRLB) is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. This stock is trading up 4.7% at $32.74 in recent trading.

Today’s Volume: 180,000

Average Volume: 195,230

Volume % Change: 122%

From a technical perspective, PRLB is moving up sharply here with decent volume. This move is quickly pushing PRLB within range of triggering a near-term breakout trade. That trade will hit once PRLB takes out its 50-day moving average of $33.78 with high volume.

Traders should now look for long-biased trades in PRLB once it sustains a move or close above its 50-day with volume that’s near or above 195,230 shares. If that breakout triggers soon, then PRLB will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $37.29 to $41.10.

On the flip side, I would avoid PRLB or look for short-biased trades if it fails to trigger that breakout, and then drops below some near-term support at $30.33 to $28.22 with heavy volume.

Teck Resources

Teck Resources (TCK) is engaged in exploring for, developing and producing natural resources. Teck’s activities are organized into business units focused on copper, coal, zinc and energy. This stock is trading up 8.5% at $29.82 in recent trading.

Today’s Volume: 2.6 million

Average Volume: 2.3 million

Volume % Change: 116%

From a technical perspective, TCK is gapping up huge here with above average volume, and it’s starting to take out its 50-day moving average of $29.28. This move is quickly pushing TCK within range of triggering a major breakout trade. That trade will hit once TCK takes out some near-term overhead resistance at $31 to $31.36 with high volume.

Traders should now look for long-biased trades in TCK as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 2.3 million shares. If that breakout triggers soon, then TCK has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $33.07 to $33.53, or possibly even its 200-day moving average of $33.85.

Southern Copper

Southern Copper (SCCO) is an integrated copper producer. The company produces copper, molybdenum, zinc and silver. All of its mining, smelting and refining facilities are located in Peru and Mexico, and SCC conducts exploration activities in those countries and in Argentina, Chile and Ecuador. This stock is trading up 4.9% at $34.19 in recent trading.

Today’s Volume: 1.7 million

Average Volume: 1.6 million

Volume % Change: 120%

From a technical perspective, SCCO is gapping up strong here with above average volume. This move has now pushed SCCO into breakout territory, since the stock has taken out some near-term overhead resistance at $33.61.

Traders should now look for long-biased trades in SCCO as long as its trending above today’s low of $32.93 with high volume. I would consider any upside volume day that registers near or above 1.6 million shares as bullish. If SCCO can maintain that trend, and its trend above $33.61, then this stock has a great chance of tagging its next significant overhead resistance level of $36.18.

Vale

Vale (VALE) is a Brazil-based metals and mining company. This stock is trading up 7.9% at $18.24 in recent trading.

Today’s Volume: 26.4 million

Average Volume: 17 million

Volume % Change: 161%

From a technical perspective, VALE is gapping up big here with monster volume. This move is quickly pushing VALE within range of its 50-day moving average of $18.33.

Traders should now look for long-biased trades in VALE once it breaks out above some overhead resistance levels at $18.33 to $18.40 with high volume. Look for volume off a sustained move or close above those levels that hits near or above 17 million shares. If that breakout triggers soon, then VALE has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $19.25 to $19.78, or possibly even its 200-day moving average of $21.10.

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.