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6 Stocks on the Move With Unusual Volume

Professional traders running mutual funds and hedge funds don't just look at a stock's price moves, they track big changes in volume activity. Often, when above-average volume moves into a stock, 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."

These types of traders like to get in well before a bigger trend, 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 recently.

Ligand Pharmaceuticals

  • Monday's Volume: 989,000
  • Three-Month Average Volume: 285,898
  • Volume % Change: 241%

From a technical perspective, Ligand Pharmaceuticals (LGND) ripped sharply higher back above both its 50-day at $104.88 a share and its 20-day at $105.56 a share with strong upside volume. This high-volume jump higher is now pushing this stock within range of triggering a near-term breakout trade above some key resistance levels.

Traders should look for long-biased trades in Ligand Pharmaceuticals as long as it's trending above its 50-day at $104.88 a share and then once it sustains a move or close above some resistance levels at $108 to its 200-day at $110 a share and then above $110.83 a share with volume near or above 285,898 shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $115 to $118.65 a share.


Rexnord

  • Monday's Volume: 5.53 million
  • Three-Month Average Volume: 1.10 million
  • Volume % Change: 507%

From a technical perspective, Rexnord (RXN) jumped notably higher back above its 20-day at $22.30 a share with strong upside volume flows. This high-volume rip higher is now pushing this stock within range...


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