GO
Loading...

4 Stocks Rising on Unusual Volume

Getty Images

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."

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.

Harris Teeter Supermarkets

Regional supermarket chain operator Harris Teeter Supermarkets is trading up 6.2 percent at $39.24 in recent trading.

Today's Volume: 481,000
Average Volume: 197,785
Volume % Change: 352 percent

From a technical perspective, Harris Teeter is soaring here right off its 50-day moving average of $37.60 and back above its 200-day moving average of $38.69 with above-average volume. This move is quickly pushing shares of Harris Teeter within range of triggering a near-term breakout trade. That trade will hit if Harris Teeter takes out some near-term overhead resistance at $39.91 with high volume.

Traders should now look for long-biased trades in Harris Teeter as long as it's trending above its 200-day at $38.69, and then once it sustains a move or close above $39.91 with volume that hits near or above 197,785 shares. If that breakout triggers soon, then Harris Teeter will set up to re-test or possibly take out its next major overhead resistance levels at $41.46 to $41.57. Any high-volume move above those levels will then put $43 into range for shares of Harris Teeter.

National Fuel Gas Co.

Diversified energy company National Fuel Gas Co. is trading up 5 percent at $53.79 in recent trading.

Today's Volume: 700,000
Average Volume: 342,962
Volume % Change: 263 percent

Shares of National Fuel Gas Co. are ripping higher today after the company announced significant Marcellus Shale wells results.

From a technical perspective, National Fuel Gas Company is gapping higher here back above its 50-day moving average of $51.30 with heavy upside volume. This move has started to push National Fuel Gas Co. into breakout territory, since the stock has cleared some near-term overhead resistance at $53.60. Shares of National Fuel Gas Co. are now moving within range of triggering another breakout trade. That trade will hit if National Fuel Gas Co. manages to take out some near-term overhead resistance at $55.28 and then its 52-week high of $55.66 with high volume.

Traders should now look for long-biased trades in National Fuel Gas Co. as long as it's trending above its first breakout level of $53.60, and then once it sustains a move or close above those second tier breakout levels with volume that hits near or above 342,962 shares. If that breakout triggers soon, then National Fuel Gas Co. will set up to re-test or possibly take out its next major overhead resistance levels at $58.53 to $62.47.

Bio-Reference Labs

Bio-Reference Labs is engaged in offering testing, information and related services to physician offices, clinics, hospitals, employers and governmental units. This stock is trading up 3.7 percent at $31.02 in recent trading.

Today's Volume: 356,000
Average Volume: 319,739
Volume % Change: 112 percent

From a technical perspective, Bio-Reference Labs is ripping higher here and breaking out above some near-term overhead resistance at $29.97 with above-average volume. This move is quickly pushing shares of Bio-Reference Labs within range of triggering another major breakout trade. That trade will hit if Bio-Reference Labs manages to clear some near-term overhead resistance levels at $32 to $32.86 with high volume.

Traders should now look for long-biased trades in Bio-Reference Labs as long as it's trending above $30, and then once it sustains a move or close above those breakout levels with volume that hits near or above 319,739 shares. If that breakout triggers soon, then Bio-Reference Labs will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $35 to $37.

Crosstex Energy

Crosstex Energy is a midstream energy company, which is engaged in the gathering, transmission, treating, processing, and marketing of natural gas and natural gas liquids, and providing terminal services for crude oil. This stock is trading up 3.6 percent at $16.51 in recent trading.

Today's Volume: 1.33 million
Average Volume: 560,673
Volume % Change: 328 percent

From a technical perspective, Crosstex Energy is gapping higher here and into breakout territory above some near-term overhead resistance levels at $16 to $16.20 with heavy upside volume. This move is quickly pushing shares of Crosstex Energy within range of triggering another major breakout trade. That trade will hit if Crosstex Energy manages to take out some more overhead resistance levels at $16.93 to $17.21 with high volume.

Traders should now look for long-biased trades in Crosstex Energy as long as it's trending above its first tier breakout levels $16 to $16.20, and then once it sustains a move or close above its second tier breakout levels at $16.93 to $17.21 with volume that hits near or above 560,673 shares. If that breakout triggers soon, then Crosstex Energy will set up to re-test or possibly take out its next major overhead resistance level at $17.81.

—By TheStreet.com Contributor Roberto Pedone

Additional News: Cramer: Why Unloved Stocks Are Rising

Additional Views: Three Stocks Under $10 Making Big Moves: Pedone

___________________________
Disclosures:

At the time of publication, Roberto Pedone had no positions in stocks mentioned.

___________________________

Disclaimer