Professional traders running mutual funds and
Major moves in volume can signal unusual activity, such as
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.
- Monday's Volume: 989,000
- Three-Month Average Volume: 285,898
- Volume % Change: 241%
From a technical perspective, Ligand Pharmaceuticals (
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.
- Monday's Volume: 5.53 million
- Three-Month Average Volume: 1.10 million
- Volume % Change: 507%
From a technical perspective, Rexnord (