5 Stocks Rising on Big Volume

Tickers in this article: CNX CSX DNKN LM LRE
WINDERMERE, Fla. ( 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.

Major moves in volume can signal unusual activity, such as insider buying or selling -- or buying or selling by "superinvestors."

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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.

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Dunkin Brands Group (DNKN) is a franchisor of quick-service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream. This stock is trading up 2.3% at $37.94 in recent trading.

Today's Volume: 1.30 million

Average Volume: 1.09 million

Volume % Change: 76%

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From a technical perspective, DNKN is moving modestly higher here right above some near-term support at $36 with above-average volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $28.97 to its recent high of $40. During that move, shares of DNKN have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of DNKN within range of triggering a major breakout trade, which will hit once DNKN takes out its 52-week high and all-time at $40 with high volume.

Traders should now look for long-biased trades in DNKN as long as it's trending above today's low of $37.11 and then once it sustains a move or close above $40 with volume that hits near or above 1.09 million shares. If that breakout triggers, then DNKN will set up to enter new all-time high territory, which is bullish technical price action. Some possible upside targets off that breakout are $45 to $47 in the near future. Legg Mason

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Legg Mason (LM) is a global asset management company providing investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. This stock is trading up 1.1% at $27.54 in recent trading.