Tuesday, October 9, 2012

7 Stocks Rising on Unusual Volume

Professional traders don't just look at a stock's price moves; they also look for big changes in volume.

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

See if (SQNS) is in our portfolio

Let's take a look at seven stocks rising on unusual volume today. They are all recording volume changes of 100% or more from their average trading volume.Sequans CommunicationsSequans Communications(SQNS) designs, develops, and supplies 4G semiconductor solutions for wireless broadband applications. The stock is trading up 1 cents, or 14.3%, at $6.46 in recent trading. Volume: 1.8 millionAverage Volume: 769,600Volume % Change: 131.7%Ivanhoe Mines Ivanhoe Mines(IVN) is an international mineral exploration and development company. The Company's main mineral resource property is the Oyu Tolgoi Project, located in Mongolia. The stocks is trading up $3.37, or 23.2%, at $17.92 in recent trading. Volume: 5.1 millionAverage Volume: 2.03 millionVolume % Change: 153.4%Ivanhoe, one of the top holdings at John Griffin's Blue Ridge Capital, shows up on a recent list of 7 Mining Stocks to Watch.Harleysville GroupHarleysville Group(HGIC) is an insurance holding company, which through its subsidiaries, engages in the property and casualty insurance business on a regional basis. The stock is trading up 3 cents at $31.91 in recent trading. Volume: 161,232Average Volume: 54,000Volume % Change: 198.6%Harleysville is one of the highest-yielding insurance stocks and one of TheStreet Ratings' top-rated insurance stocks.Philippine Long Distance TelephonePhilippine Long Distance Telephone(PHI), through its main business segments - wireless, fixed line, and information and communications technology offers the most diversified range of telecommunications services across the Philippines. The stock was trading up $1.32, or 2.7%, at $49.70 in recent trading. Volume: 325,794Average Volume: 106,500 Volume % Change: 205.9%PHI is one of TheStreet Ratings' top-rated wireless stocks.

Volume: 168,664

Franco-Nevada

Franco-Nevada(FNV) is a gold-focussed royalty company with additional interests in platinum metals, oil and gas and other assets. The company has a diversified portfolio of royalty properties in the United States, Canada and Australia. The stock was trading up $1.16, or 3.1%, at $38.75 in recent trading. Average Volume: 55,800 Volume % Change: 202.3%Grupo Aeroportuario del Pacifico Grupo Aeroportuario del Pacifico(PAC) is engaged in the operation, management and development of airport facilities in the Pacific and central regions of Mexico. The stock was trading up 46 cents, or 1.3%, at $35.21 in recent trading.Volume: 377,000Average Volume: 99,500Volume % Change: 278.9%.As of the most recently reported period, PAC was one of the top holdings of Eric Mindich's Eton Park Capital, comprising 1.2% of the total.Mela SciencesMela Sciences (MELA) is a medical device company focused on the design and development of a non-invasive, point-of-care instrument to assist in the early diagnosis of melanoma. The stock was trading up 26 cents, or 5.3%, at $51.9 in recent trading. Volume: 1.8 millionAverage Volume: 508,700Volume % Change: 259.4%Mela was featured recently in "5 Stocks Poised for Breakouts."Follow Stockpickr on Twitter and become a fan on Facebook.

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