Stock Quotes in this Article: ALJ, GRMN, NTE, WYNN, DNKN

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. Often when above-average volume moves into an 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.

Alon USA Energy

Alon USA Energy (ALJ) is an independent refiner and marketer of petroleum products operating primarily in the South Central, Southwestern and Western regions of the U.S. This stock is trading up 3.8% at $14.38 in recent trading.

Today’s Volume: 1.4 million

Average Volume: 469,460

Volume % Change: 648%

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From a technical perspective, ALJ is bouncing notably higher here right off some near-term support at $13.50 with monster volume. This move is quickly pushing ALJ within range of triggering a near-term breakout trade. That trade will hit once ALJ manages to clear some near-term overhead resistance at $14.26 to $14.60 with high volume.

Traders should now look for long-biased trades in ALJ as long as it’s trending above its 50-day at $13.05, and then once it sustains a move or close above those breakout levels with volume that hits near or above 469,460 shares. If that breakout triggers soon, then ALJ will setup to re-test or take out its three-year high at $15.21.

Nam Tai Electronics

Nam Tai Electronics (NTE) is an electronics manufacturing and design services provider to a select group of telecommunications and consumer electronic products original equipment manufacturers. This stock is trading up 5.1% at $11.44 in recent trading.

Today’s Volume: 1 million

Average Volume: 647,269

Volume % Change: 328%

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From a technical perspective, NTE is ripping to the upside here right off some near-term support at $10.50 with above-average volume. This move now has NTE flirting with a big breakout, since the stock has challenged some near-term overhead resistance levels at $11.23 to $11.39. At last check, NTE has hit an intraday high of $11.75 and volume is well above its three-month average action of 647,269 shares.

Traders should now look for long-biased trades in NTE as long as it’s trending above $10.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 647,269 shares. If NTE can continue to trend above $11.23 to $11.39, then this stock has a great chance to re-test or take out its next major overhead resistance level at $13.

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 1.3% at $42.91 in recent trading.

Today’s Volume: 1.4 million

Average Volume: 927,274

Volume % Change: 184%

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From a technical perspective, GRMN is following through with some upside strength here after the stock closed back above its 200-day moving average at $42.38 on Thursday. This move today is coming with above-average volume, and it’s quickly pushing GRMN within range of a major breakout trade. That trade will hit once GRMN manages to take out some overhead resistance levels at $42.85 to $43.34 with high volume.

Traders should now look for long-biased trades in GRMN as long as its trending above its 200-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 927,274 shares. If that breakout hits soon, then look for GRMN to re-test or take out its next significant overhead resistance levels at $46 to $48.

Energy Transfer Equity

Energy Transfer Equity (ETE) owns and operates a diversified portfolio of energy assets in the natural gas, natural gas liquids, and propane sectors in the U.S. This stock is trading up 1.9% at $45.54 in recent trading.

Today’s Volume: 786,000

Average Volume: 569,337

Volume % Change: 144%

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From a technical perspective, ETE is bouncing modestly to the upside here right above its 50-day moving average of $43.78 with above-average volume. This move is quickly pushing ETE within range of triggering a near-term breakout trade. That trade will hit once ETE manages to take out some near-term overhead resistance at $46.07 with high volume.

Traders should now look for long-biased trades in ETE as long as its trending above its 50-day, and then once it sustains a move or close above $46.07 with volume that hits near or above 569,337 shares. If that breakout triggers soon, then look for ETE to tag $50 to $55 in the near future.

Dunkin Brands Group

Dunkin Brands Group (DNKN) is a franchisor of restaurants serving coffee and baked goods, as well as ice cream within the quick service restaurant segment of the restaurant industry. This stock is trading up 3.1% at $30.76 in recent trading.

Today’s Volume: 2.3 million

Average Volume: 2 million

Volume % Change: 119%

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From a technical perspective, DNKN is trending higher here back above its 50-day and 200-day with above-average volume. This move is quickly pushing DNKN within range of triggering a near-term breakout trade. That trade will hit once DNKN manages to clear some near-term overhead resistance levels at $31.25 to $32.25 with high volume.

Traders should now look for long-biased trades in DNKN as long as it’s trending above its 200-day at $30.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2 million shares. If that breakout triggers soon, then look for DNKN to re-test or take out its next major overhead resistance levels at $34 to $36.11

Embraer

Embraer (ERJ) is a Brazil-based holding company primarily engaged in the manufacture of aircrafts. This stock is trading up 3.7% at $26.55 in recent trading.

Today’s Volume: 1.2 million

Average Volume: 1.2 million

Volume % Change: 99%

From a technical perspective, ERJ is trending up here back above its 50-day moving average of $26.43 with decent volume. This move is quickly pushing ERJ within range of triggering a near-term breakout trade. That trade will hit once ERJ manages to take out its 200-day at $28.39, and then once it clears some more overhead resistance at $29.42 with high volume.

Traders should now look for long-biased trades in ERJ as long as it’s trending above $26.55 to $27.40, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1,244,090 shares. If that breakout triggers soon, then ERJ will have a great chance of re-testing or taking out its next major overhead resistance levels at $32 to $33.

XenoPort

XenoPort (XNPT) is a biopharmaceutical company focused on developing and commercializing a portfolio of internally for the treatment of neurological disorders. This stock is trading up 9.6% at $12.23 in recent trading.

Today’s Volume: 498,000

Average Volume: 446,355

Volume % Change: 106%

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Shares of XNPT are skyrocketing today after Leerink said the preliminary results for its Phase I trial testing for different oral formulations of XP23829 is encouraging. The firm kept its outperform rating on the stock and raised its price target to $15 from $13.

From a technical perspective, XNPT is bouncing hard here right off some near-term support at $10.90 with above-average volume. This move has also pushed XNPT into breakout territory, since the stock has busted above some near-term overhead resistance at $11.86. At last check, XNPT has hit an intraday high of $12.52 and volume has just started to surpass its three-month average volume of 446,355 shares.

Traders should now look for long-biased trades in XNPT as long as it’s trending above $11.20 to $11.86 with strong upside volume flows. I would consider any upside volume day that registers near or above 446,355 shares as bullish. If XNPT can maintain that trend, especially its trend above $11.86, then this stock has a great chance of tagging $15 in the near future.

Wynn Resorts

Wynn Resorts (WYNN) is a developer, owner and operator of destination casino resorts. This stock is trading up 1% at $114.52 in recent trading.

Today’s Volume: 1.6 million

Average Volume: 1.8 million

Volume % Change: 97%

From a technical perspective, WYNN is bouncing modestly higher here right off some near-term support at $114 with decent volume. Shares of WYNN have basically been trending sideways for the last month, between $110 on the downside and $117.82 on the upside. This move today is pushing WYNN within range of breaking out above some near-term overhead resistance at $117.82.

Traders should now look for long-biased trades in WYNN as long as it’s trending above its 200-day at $110.65, and then once it sustains a move or close above $117.82 with volume that hits near or above 1,819,620 shares. If that breakout triggers soon, then WYNN could setup for an explosive move higher back toward its next major resistance level at $136.88.

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.