4 Stocks Breaking Out on Unusual VolumeDELAFIELD, Wis. (Stockpickr) -- Professional traders running mutual funds and hedge funds dont just look at a stocks 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. Read More: 10 Stocks Billionaire John Paulson Loves in 2014 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 its 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, lets take a look at several stocks rising on unusual volume recently. Read More: 5 Toxic Stocks to Sell Now Tornier Tornier a medical device company, designs, manufactures, markets, and sells orthopedic products. This stock closed up 4% at $24.77 in Fridays trading session. Fridays Volume: 597,000 Three-Month Average Volume: 232,434 Volume % Change: 251% From a technical perspective, TRNX spiked sharply higher here right above some near-term support levels at $23 to $22.50 with above-average volume. This trend higher on Friday also pushed shares of TRNX into breakout and new 52-week high territory, since the stock took out some past overhead resistance at $24.35. Market players should now look for a continuation move to the upside in the short-term if TRNX manages to clear Fridays intraday high of $24.98 with high volume. Traders should now look for long-biased trades in TRNX as long as its trending above Fridays intraday low of $23.87 or above $23 and then once it sustains a move or close above $24.98 with volume that hits near or above 232,434 shares. If that move starts soon, then TRNX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $28 to $30. Read More: 5 Breakout Stocks Under $10 Set to Soar Comerica Comerica , through its subsidiaries, provides financial products and services. This stock closed up 1.6% to $51.24 in Fridays trading session. Fridays Volume: 3.01 million Three-Month Average Volume: 1.26 million Volume % Change: 144% From a technical perspective, CMA jumped modestly higher here right above its 50-day moving average of $49.76 with above-average volume. This stock has been uptrending a bit for the last month, with shares moving higher from its low of $48.14 to its intraday high of $51.50. During that move, shares of CMA have been making mostly higher lows and higher highs, which is bullish technical price action. This spike higher on Friday is now starting to push shares of CMA within range of triggering a major breakout trade. That trade will hit if CMA manages to take out some key overhead resistance levels at $52.03 to $52.19 and then above its 52-week high at $53.50 with high volume. Traders should now look for long-biased trades in CMA as long as its trending above Fridays intraday low of $50.55 or above its 50-day at $49.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.26 million shares. If that breakout triggers soon, then CMA will set up to enter new 52-week-high territory above $53.50, which is bullish technical price action. Some possible upside targets off that breakout are $58 to $60. Read More: 5 Short-Squeeze Stocks That Could Pop in September Qualys Qualys provides cloud security and compliance solutions to enterprises, government entities, and small and medium-sized businesses in the U.S. and internationally. This stock closed up 0.77% at $24.91 in Fridays trading session. Fridays Volume: 300,000 Three-Month Average Volume: 172,938 Volume % Change: 115% From a technical perspective, QLYS trended modestly higher here right above some near-term support at $24 and back above its 200-day moving average of $24.78 with above-average volume. This trend higher on Friday is now starting to push shares of QLYS within range of triggering a near-term breakout trade. That trade will hit if QLYS manages to clear its 50-day moving average of $25.15 to some more near-term overhead resistance at $25.86 with high volume. Traders should now look for long-biased trades in QLYS as long as its trending above some key near-term support levels at $24 or at $23.43 and then once it sustains a move or close above those breakout levels with volume that this near or above 172,938 shares. If that breakout develops soon, then QLYS will set up to re-test or possibly take out its next major overhead resistance levels at $28.16 to its 52-week high at $29.94. Read More: Warren Buffetts Top 10 Dividend Stocks The Advisory Board The Advisory Board provides best practices research and analysis, business intelligence and performance technology software, and consulting and management services to the health care and education industries in the U.S. and internationally. This stock closed up 3% at $50.04 in Fridays trading session. Fridays Volume: 682,000 Three-Month Average Volume: 249,681 Volume % Change: 184% From a technical perspective, ABCO gapped up sharply higher here back above its 50-day moving average of $49.88 with strong upside volume flows. This stock recently formed a double bottom chart pattern at $46.37 to $46.02. Following that bottom, shares of ABCO have now started to uptrend back above its 50-day and its quickly moving within range of triggering a big breakout trade. That trade will hit if ABCO manages to take out Fridays intraday high of $51.11 to some more near-term overhead resistance at $52.40 with high volume. Traders should now look for long-biased trades in ABCO as long as its trending above Fridays intraday low of $49.43 or above $48 and then once it sustains a move or close above those breakout levels with volume that hits near or above 249,681 shares. If that breakout materializes soon, then ABCO will set up to re-test or possibly take out its next major overhead resistance levels at $55.72 to its 200-day moving average of $56.91. Read More: 5 Stocks With Big Insider Buying To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis. RELATED LINKS: a >>Its Not Too Late to Buy Apple -- but Hurry Up a >>4 Under-$10 Stocks to Trade for Breakouts a >>3 Huge Stocks Everyone Is Talking About Follow Stockpickr on Twitter and become a fan on Facebook. Click to view a price quote on TRNX. Click to research the Health Services industry. By twocents@thestreet (Roberto Pedone) DELAFIELD, Wis. (Stockpickr) -- Professional traders running mutual funds and hedge funds dont just look at a stocks 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. Read More: 10 Stocks Billionaire John Paulson Loves in 2014 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 its 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, lets take a look at several stocks rising on unusual volume recently. Read More: 5 Toxic Stocks to Sell Now Tornier Tornier a medical device company, designs, manufactures, markets, and sells orthopedic products. This stock closed up 4% at $24.77 in Fridays trading session. Fridays Volume: 597,000 Three-Month Average Volume: 232,434 Volume % Change: 251% From a technical perspective, TRNX spiked sharply higher here right above some near-term support levels at $23 to $22.50 with above-average volume. This trend higher on Friday also pushed shares of TRNX into breakout and new 52-week high territory, since the stock took out some past overhead resistance at $24.35. Market players should now look for a continuation move to the upside in the short-term if TRNX manages to clear Fridays intraday high of $24.98 with high volume. Traders should now look for long-biased trades in TRNX as long as its trending above Fridays intraday low of $23.87 or above $23 and then once it sustains a move or close above $24.98 with volume that hits near or above 232,434 shares. If that move starts soon, then TRNX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $28 to $30. Read More: 5 Breakout Stocks Under $10 Set to Soar Comerica Comerica , through its subsidiaries, provides financial products and services. This stock closed up 1.6% to $51.24 in Fridays trading session. Fridays Volume: 3.01 million Three-Month Average Volume: 1.26 million Volume % Change: 144% From a technical perspective, CMA jumped modestly higher here right above its 50-day moving average of $49.76 with above-average volume. This stock has been uptrending a bit for the last month, with shares moving higher from its low of $48.14 to its intraday high of $51.50. During that move, shares of CMA have been making mostly higher lows and higher highs, which is bullish technical price action. This spike higher on Friday is now starting to push shares of CMA within range of triggering a major breakout trade. That trade will hit if CMA manages to take out some key overhead resistance levels at $52.03 to $52.19 and then above its 52-week high at $53.50 with high volume. Traders should now look for long-biased trades in CMA as long as its trending above Fridays intraday low of $50.55 or above its 50-day at $49.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.26 million shares. If that breakout triggers soon, then CMA will set up to enter new 52-week-high territory above $53.50, which is bullish technical price action. Some possible upside targets off that breakout are $58 to $60. Read More: 5 Short-Squeeze Stocks That Could Pop in September Qualys Qualys provides cloud security and compliance solutions to enterprises, government entities, and small and medium-sized businesses in the U.S. and internationally. This stock closed up 0.77% at $24.91 in Fridays trading session. Fridays Volume: 300,000 Three-Month Average Volume: 172,938 Volume % Change: 115% From a technical perspective, QLYS trended modestly higher here right above some near-term support at $24 and back above its 200-day moving average of $24.78 with above-average volume. This trend higher on Friday is now starting to push shares of QLYS within range of triggering a near-term breakout trade. That trade will hit if QLYS manages to clear its 50-day moving average of $25.15 to some more near-term overhead resistance at $25.86 with high volume. Traders should now look for long-biased trades in QLYS as long as its trending above some key near-term support levels at $24 or at $23.43 and then once it sustains a move or close above those breakout levels with volume that this near or above 172,938 shares. If that breakout develops soon, then QLYS will set up to re-test or possibly take out its next major overhead resistance levels at $28.16 to its 52-week high at $29.94. Read More: Warren Buffetts Top 10 Dividend Stocks The Advisory Board The Advisory Board provides best practices research and analysis, business intelligence and performance technology software, and consulting and management services to the health care and education industries in the U.S. and internationally. This stock closed up 3% at $50.04 in Fridays trading session. Fridays Volume: 682,000 Three-Month Average Volume: 249,681 Volume % Change: 184% From a technical perspective, ABCO gapped up sharply higher here back above its 50-day moving average of $49.88 with strong upside volume flows. This stock recently formed a double bottom chart pattern at $46.37 to $46.02. Following that bottom, shares of ABCO have now started to uptrend back above its 50-day and its quickly moving within range of triggering a big breakout trade. That trade will hit if ABCO manages to take out Fridays intraday high of $51.11 to some more near-term overhead resistance at $52.40 with high volume. Traders should now look for long-biased trades in ABCO as long as its trending above Fridays intraday low of $49.43 or above $48 and then once it sustains a move or close above those breakout levels with volume that hits near or above 249,681 shares. If that breakout materializes soon, then ABCO will set up to re-test or possibly take out its next major overhead resistance levels at $55.72 to its 200-day moving average of $56.91. Read More: 5 Stocks With Big Insider Buying To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis. RELATED LINKS: a >>Its Not Too Late to Buy Apple -- but Hurry Up a >>4 Under-$10 Stocks to Trade for Breakouts a >>3 Huge Stocks Everyone Is Talking About Follow Stockpickr on Twitter and become a fan on Facebook. Click to view a price quote on TRNX. Click to research the Health Services industry. Source:: The street latest ift.tt/1gB4pon
Posted on: Mon, 15 Sep 2014 14:07:38 +0000