Stock Quotes in this Article: ACTG, IMGN, CSOD, VNET, SRPT

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.

 

 

21Vianet Group

 

21Vianet Group (VNET) is a carrier-neutral Internet data center services provider in the People’s Republic of China. This stock is trading up 5.12% at $10.06 in recent trading.

 

Today’s Volume: 407,000

 

Average Volume: 320,923

 

Volume % Change: 114%

 

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From a technical perspective, VNET is gapping higher here with above average volume. This move is quickly pushing VNET within range of triggering a major breakout trade. That trade will hit once VNET takes out $11 with high volume.

 

Traders should now look for long-biased trades once VNET sustains a move or close above $11 with volume that’s near or above 320,923 shares. Keep in mind that any move over $11 will also mean that VNET has pushed back above both its 50-day at $10.53 and its 200-day at $10.80, which is bullish technical action. Also keep in mind that traders can buy VNET off weakens and simply anticipate that breakout. If that breakout triggers soon, then VNET will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $12.07 to $13.63.

 

Sarepta Therapeutics

 

Sarepta Therapeutics (SRPT) is a biopharmaceutical company focused on the discovery and development of RNA-based therapeutics for the treatment of both rare and infectious diseases. This stock is trading up 16% at $12.53 in recent trading.

 

Today’s Volume: 2.4 million

 

Average Volume: 888,214

 

Volume % Change: 325%

 

Shares of SRPT are ripping higher today after ThinkEquity initiated coverage on the stock with a buy rating and a $15 price target.

 

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From a technical perspective, SRPT is exploding higher here with above average volume, and this stock has entered breakout territory since it’s moved above some near-term overhead resistance at $10.78.

 

Traders should now look for long-biased trades as long as SRPT is trending above that breakout level of $10.78 or today’s low of $11.65 with strong upside volume flows. I would consider any upside volume day that registers near or above 888,214 shares as bullish. If we continue to see that action, then SRPT has a great chance of hitting $15 in the near future.

 

Cornerstone OnDemand

 

Cornerstone OnDemand (CSOD) is a global provider of a learning and talent management solutions delivered as software-as-a-service. This stock is trading up 6.3% at $26.70 in recent trading.

 

Today’s Volume: 360,000

 

Average Volume: 348,569

 

Volume % Change: 79%

 

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From a technical perspective, CSOD is gapping up sharply here off some near-term support at $25 with above average volume. This move has also pushed CSOD above some near-term overhead resistance at $26.40. At last check, CSOD has hit an intraday high of $27.50 but it has subsequently pulled back to its current price of $26.70.

 

Traders should now look for long-biased traders as long as CSOD is trending above $26.00 to $27.50 with strong upside volume flows. I would consider any upside volume day that registers near or above 348,569 shares as bullish. If we CSOD can maintain that trend, then this stock has a great chance of tagging its August high of $29.71.

 

Keep in mind that any move over $29.71 would push CSOD into all-time high territory, which is bullish technical price action.

 

J. Alexander’s

 

J. Alexander’s (JAX) operates casual dining restaurants in the U.S., offering an American menu. This stock is trading up 4.7% at $14.17 in recent trading.

 

Today’s Volume: 75,000

 

Average Volume: 54,814

 

Volume % Change: 152%

 

From a technical perspective, JAX is ripping higher here with above average volume, and this stock is breaking out above some near-term overhead resistance at $13.96.

 

Traders should now look for long-biased trades in JAX as long as it’s trending above some major near-term support levels at $13 to $13.50 with strong upside volume flows. I would consider any upside volume day that registers near or above 54,814 shares as bullish. If we continue to see that action, then JAX has a great chance of hitting $20 in the near future.

 

On the flipside, I would avoid JAX or look for short-biased trades if it fails to hold this trend, and then drops below some $12.80 with high volume.

 

ImmunoGen

 

ImmunoGen (IMGN) is focused on the development of antibody-based anticancer therapeutics. This stock is trading up 3.6% at $14.35 in recent trading.

 

Today’s Volume: 1.1 million

 

Average Volume: 816,362

 

Volume % Change: 125%

 

Shares of IMGN are trending higher today after partner Roche Holding AG said its experimental breast cancer drug significantly extended the lives of patients when compared with standard therapy.

 

From a technical perspective, IMGN is bouncing hard and gapping higher here right off its 200-day moving average of $13.63 with heavy volume. This move has briefly pushed IMGN above its 50-day moving average of $15.25. At last check, IMGN has hit an intraday high of $15.50 but subsequently pulled back to its current price at around $14.35.

 

Traders should now look for long-biased trades in IMGN as long as it’s trending above its 50-day at $15.25 with strong upside volume flows. I would consider any upside volume day that registers near or above 816,362 shares as bullish If IMGN can hold a trend above its 50-day, then this stock has a great chance of re-testing and possibly taking out its next major overhead resistance levels at $16.36 to $18.10.

 

Andersons

 

Andersons (ANDE) is a diversified company with interests in the grain, ethanol and plant nutrient sectors of the U.S. agriculture, as well as in railcar leasing and repair, turf products production and general merchandise retailing. This stock is trading up 1.6% at $40.14 in recent trading.

 

Today’s Volume: 115,000

 

Average Volume: 124,834

 

Volume % Change: 53%

 

From a technical perspective, ANDE is bouncing modestly higher here right off its 50-day moving average of $39.20 with decent volume.

 

Traders should now look for long-biased trades in ANDE as long as it’s trending above its 50-day at $39.20 with strong upside volume flows. I would consider any upside volume day that hits near or above 124,834 shares as bullish. If we continue to see ANDE maintain that trend, then this stock has a great chance of re-testing and possibly taking out its next major overhead resistance levels at $43.18 to $43.89.

 

On the flip side, I would avoid ANDE or look for short-biased trades if it fails to hold this trend, and then takes out some near-term support at $38.84 with high volume.

 

Acacia Research

 

Acacia Research (ACTG), through its operating subsidiaries, acquires, develops, licenses and enforces patented technologies. This stock is trading up 5.6% at $26.51 in recent trading.

 

Today’s Volume: 530,000

 

Average Volume: 657,239

 

Volume % Change: 50%

 

Shares of ACTG are moving higher today after the company said it has entered into a settlement agreement with Fujitsu Semiconductor. This agreement resolves patent litigation that was pending in the United States District Court for the Eastern District of Texas and patent litigation that was pending in the United States District Court for the Northern District of California.

 

From a technical perspective, ACTG is gapping up sharply here with decent volume right off some near-term support at $24.15. This move is quickly pushing ACTG within range of triggering a major breakout trade. That trade will hit once ACTG takes out some near-term overhead resistance at $27.19 with high volume. At last check, ACTG has hit an intraday high of $27.24 but it has subsequently pulled back to its current price of $26.50.

 

Traders should now look for long-biased trades once ACTG sustains a move or close above $27.19 with volume that’s near or above 657,239 shares. If that breakout triggers soon, then look for ACTG to possibly make a run at its 50-day moving average of $32.05 or higher.

 

On the flip side, I would avoid ACTG or look for short-biased trades if it fails to trigger that breakout, and then moves back below some major near-term support at $24.15 to $23.24 with heavy volume.

 

International Speedway

 

International Speedway (ISCA) is the owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the U.S. This stock is trading up 2.3% at $25.99 in recent trading.

 

Today’s Volume: 176,000

 

Average Volume: 135,466

 

Volume % Change: 132%

 

From a technical perspective, ISCA is bouncing hard here right off its 200-day moving average of $25.38 with decent volume. Shares of ISCA are also spiking back above its 50-day moving average of $25.87. This move is quickly pushing ISCA within range of triggering a major breakout trade. That trade will hit once ISCA takes out some near-term overhead resistance at $26.50 to $26.84 with high volume.

 

Traders should now look for long-biased trades in ISCA as long as it’s trending above $25.36, and then once it sustains a move or close above those breakout levels with volume that’s near or above 135,466 shares. If that breakout triggers soon, then look for ISCA to re-test and possibly take out its next significant overhead resistance level at $28.49.

 

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 mentioend.

 

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.