DELAFIELD, Wis. (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. Often when above-average volume moves into an equity, it precedes a large spike in volatility.
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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.
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With that in mind, let's take a look at several stocks rising on unusual volume today.
Hain Celestial Group
Hain Celestial Group (HAIN) manufactures, markets, distributes and sells natural and organic products. Its product portfolio includes grocery, snacks, tea and personal care products. This stock closed up 2.2% to $89.32 in Monday's trading session.
Monday's Volume: 6.-3 million
Three-Month Average Volume: 559,439
Volume % Change: 1057%
From a technical perspective, HAIN trended modestly higher here with monster upside volume. This move pushed shares of HAIN into breakout and new 52-week high territory, after the stock took out some near-term overhead resistance at $88.36. Market players should now look for a continuation move higher in the short-term if HAIN manages to take out Monday's intraday high of $89.40 with strong volume.
Traders should now look for long-biased trades in HAIN as long as it's trending above Monday's low of $87.36 or above $86 and then once it sustains a move or close above $89.40 with volume that hits near or above 559,439 shares. If we get that move soon, then HAIN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $95 to $100.
Regency Energy Partners
Regency Energy Partners (RGP) is engaged in the gathering, processing, contract compression, marketing and transportation of natural gas and the transportation, fractionation and storage of NGLs. This stock closed up 7.7% at $26.07 in Monday's trading session.
Monday's Volume: 2.30 million
Three-Month Average Volume: 650,617
Volume % Change: 295%
From a technical perspective, RGP soared higher here back above both its 50-day moving average at $24.83 and its 200-day moving average at $25.59 with strong upside volume. This move pushed shares of RGP out of its sideways consolidation pattern, which had the stock moving between $24 and $26 over the last few months. Market players should now look for a continuation move higher in the short-term of RGP manages to take out Monday's intraday high of $27.21 with high volume.
Traders should now look for long-biased trades in RGP as long as it's trending above its 200-day at $25.59 or above its 50-day at $24.83 and then once it sustains a move or close above $27.21 with volume that's near or above 650,617 shares. If we get that move soon, then RGP will set up to re-test or possibly take out its next major overhead resistance level at $28.99 to its 52-week high at $29.52. Any high-volume move above those levels will then give RGP a chance to trend north of $30.
A. Schulman
A. Schulman (SHLM) supplies plastic compounds, resins and engineered plastics. This stock closed up 1.2% at $34.57 in Monday's trading session.
Monday's Volume: 264,000
Three-Month Average Volume: 104,172
Volume % Change: 110%
From a technical perspective, SHLM spiked modestly higher here right above its 50-day moving average of $33.33 with above-average volume. This move briefly pushed shares of SHLM into breakout and new 52-week high territory, since the stock flirted with some key overhead resistance levels at $34.64 to $34.83. Shares of SHLM managed to close below its intraday high of $34.99 and below those breakout levels with the stock finishing the day at $34.57. Market players should now look for a continuation move higher in the short-term if SHLM manages to take out Monday's intraday high of $34.99 with high volume.
Traders should now look for long-biased trades in SHLM as long as it's trending above its 50-day at $33.33 or above more near-term support at $32.54 and then once it sustains a move or close above $34.99 with volume that's near or above 104,172 shares. If we get that move soon, then SHLM will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $40 to $43.
Spartan Stores
Spartan Stores (SPTN) is a regional grocery distributor and grocery retailer, operating in Michigan and Indian. This stock closed up 1% at $24.08 in Monday's trading session.
Monday's Volume: 293,000
Three-Month Average Volume: 133,561
Volume % Change: 125%
From a technical perspective, SPTN trended modestly higher here and broke out above some near-term overhead resistance at $23.79 with above-average volume. This move is quickly pushing shares of SPTN within range of triggering a big breakout trade. That trade will hit if SPTN manages to take out some key overhead resistance levels at $24.40 to its 52-week high at $24.78 with high volume.
Traders should now look for long-biased trades in SPTN as long as it's trending above its 50-day at $23.29 or above more near-term support at $22 and then once it sustains a move or close above those breakout levels with volume that's near or above 133,561 shares. If that breakout hits soon, then SPTN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $30 to $33.
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.
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At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including
CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
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