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The following is a list of stocks that saw strong volume gains during Friday's session. All of these stocks have seen significant institutional buying over the last three months.

For each stock we'll list the Relative Volume indicator, which expresses Friday's trading volume as a multiple of the three month average.

This list might be an interesting starting point for momentum investors. The smart money seems to think there's more upside to these names--what do you think? Full details below.

Relative Volume and performance data sourced from Finviz. Institutional data sourced from Reuters.

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The list has been sorted by the change in institutional ownership over the last three months.

1. Brigus Gold Corp (BRD): Gold Industry. Market cap of $325.49M. Friday's relative volume at 2.14, with the stock gaining 5.82% during the session. Institutional investors currently own 79,086,329 vs. 33,870,207 shares held three months ago (+133.5% change). Short float at 0.33%, which implies a short ratio of 1.38 days. The stock has lost -17.27% over the last year.

2. The Governor and Company of The Bank of Ireland (IRE): Foreign Regional Banks Industry. Market cap of $2.44B. Friday's relative volume at 1.8, with the stock gaining 6.36% during the session. Institutional investors currently own 8,015,272 vs. 4,227,243 shares held three months ago (+89.61% change). Short float at 0.35%, which implies a short ratio of 0.56 days. The stock has lost -82.2% over the last year.

3. L & L Energy, Inc. (LLEN): Industrial Metals & Minerals Industry. Market cap of $372.2M. Friday's relative volume at 3.41, with the stock gaining 8.36% during the session. Institutional investors currently own 6,023,371 vs. 4,428,054 shares held three months ago (+36.03% change). Short float at 12.22%, which implies a short ratio of 3.97 days. The stock has gained 141.09% over the last year.

4. Gulf Resources, Inc. (GFRE): Specialty Chemicals Industry. Market cap of $386.93M. Friday's relative volume at 2.01, with the stock gaining 7.09% during the session. Institutional investors currently own 6,910,459 vs. 5,838,701 shares held three months ago (+18.36% change). Short float at 15.55%, which implies a short ratio of 9.01 days. The stock has gained 10.48% over the last year.

5. eLong Inc. (LONG): Personal Services Industry. Market cap of $418.24M. Friday's relative volume at 15.52, with the stock gaining 3.58% during the session. Institutional investors currently own 2,214,644 vs. 1,912,890 shares held three months ago (+15.77% change). Short float at 0.35%, which implies a short ratio of 0.75 days. The stock has gained 51.03% over the last year.

6. Garmin Ltd. (GRMN): Scientific & Technical Instruments Industry. Market cap of $6.16B. Friday's relative volume at 1.53, with the stock gaining 4.12% during the session. Institutional investors currently own 69,760,424 vs. 60,453,730 shares held three months ago (+15.39% change). Short float at 19.22%, which implies a short ratio of 14.93 days. The stock has gained 9.08% over the last year.

7. Virtus Investment Partners, Inc. (VRTS): Asset Management Industry. Market cap of $303.66M. Friday's relative volume at 2.5, with the stock gaining 2.41% during the session. Institutional investors currently own 2,885,857 vs. 2,510,889 shares held three months ago (+14.93% change). Short float at 2.6%, which implies a short ratio of 6.4 days. The stock has gained 211.65% over the last year.

8. GeoResources, Inc. (GEOI): Independent Oil & Gas Industry. Market cap of $413.53M. Friday's relative volume at 3.76, with the stock gaining 2.79% during the session. Institutional investors currently own 8,717,917 vs. 7,821,599 shares held three months ago (+11.46% change). Short float at 3.42%, which implies a short ratio of 5 days. The stock has gained 98.39% over the last year.

9. Hecla Mining Co. (HL): Silver Industry. Market cap of $2.69B. Friday's relative volume at 1.82, with the stock gaining 7.69% during the session. Institutional investors currently own 146,815,462 vs. 136,393,262 shares held three months ago (+7.64% change). Short float at 17.59%, which implies a short ratio of 3.95 days. The stock has gained 48.51% over the last year.

10. Sohu.com Inc. (SOHU): Internet Information Providers Industry. Market cap of $2.83B. Friday's relative volume at 1.74, with the stock gaining 7.15% during the session. Institutional investors currently own 25,704,420 vs. 23,932,266 shares held three months ago (+7.4% change). Short float at 8.58%, which implies a short ratio of 2.34 days. The stock has gained 38.01% over the last year.

11. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $5.95B. Friday's relative volume at 4.15, with the stock gaining 2.20% during the session. Institutional investors currently own 159,140,761 vs. 149,978,338 shares held three months ago (+6.11% change). Short float at 11.39%, which implies a short ratio of 6.92 days. The stock has gained 1.34% over the last year.

12. Navistar International Corp. (NAV): Trucks & Other Vehicles Industry. Market cap of $4.21B. Friday's relative volume at 1.53, with the stock gaining 3.68% during the session. Institutional investors currently own 75,017,665 vs. 70,812,258 shares held three months ago (+5.94% change). Short float at 8.79%, which implies a short ratio of 4.56 days. The stock has gained 78.38% over the last year.

13. Blue Nile Inc. (NILE): Catalog & Mail Order Houses Industry. Market cap of $804.98M. Friday's relative volume at 2.91, with the stock gaining 10.86% during the session. Institutional investors currently own 19,459,578 vs. 18,377,130 shares held three months ago (+5.89% change). Short float at 40.8%, which implies a short ratio of 24.21 days. The stock has lost -3.55% over the last year.

14. Mechel OAO (MTL): Steel & Iron Industry. Market cap of $11.28B. Friday's relative volume at 1.81, with the stock gaining 3.83% during the session. Institutional investors currently own 93,306,394 vs. 88,647,559 shares held three months ago (+5.26% change). Short float at 1.05%, which implies a short ratio of 0.87 days. The stock has gained 41.66% over the last year.

15. Asbury Automotive Group, Inc. (ABG): Auto Dealerships Industry. Market cap of $560.84M. Friday's relative volume at 1.73, with the stock gaining 2.27% during the session. Institutional investors currently own 30,492,589 vs. 29,039,639 shares held three months ago (+5.0% change). Short float at 3.84%, which implies a short ratio of 6.53 days. The stock has gained 53.49% over the last year.

16. Universal Display Corp. (PANL): Computer Peripherals Industry. Market cap of $1.12B. Friday's relative volume at 2.82, with the stock gaining 7.38% during the session. Institutional investors currently own 22,295,342 vs. 21,257,336 shares held three months ago (+4.88% change). Short float at 15.13%, which implies a short ratio of 15.83 days. The stock has gained 163.36% over the last year.

17. Airgas Inc. (ARG): Industrial Equipment Wholesale Industry. Market cap of $5.57B. Friday's relative volume at 2.32, with the stock gaining 4.0% during the session. Institutional investors currently own 69,313,221 vs. 66,129,548 shares held three months ago (+4.81% change). Short float at 4.13%, which implies a short ratio of 1.69 days. The stock has gained 44.61% over the last year.

18. 7 Days Group Holdings Limited (SVN): Lodging Industry. Market cap of $1.24B. Friday's relative volume at 2.61, with the stock gaining 2.42% during the session. Institutional investors currently own 11,588,152 vs. 11,076,983 shares held three months ago (+4.61% change). Short float at 0.91%, which implies a short ratio of 0.75 days. The stock has gained 90.61% over the last year.

19. Finisar Corp. (FNSR): Networking & Communication Devices Industry. Market cap of $1.84B. Friday's relative volume at 1.69, with the stock gaining 4.12% during the session. Institutional investors currently own 77,845,508 vs. 74,751,095 shares held three months ago (+4.14% change). Short float at 14.84%, which implies a short ratio of 3.38 days. The stock has gained 147.27% over the last year.

20. Hypercom Corp. (HYC): Business Equipment Industry. Market cap of $476.35M. Friday's relative volume at 1.67, with the stock gaining 8.59% during the session. Institutional investors currently own 37,679,439 vs. 36,182,978 shares held three months ago (+4.14% change). Short float at 2.81%, which implies a short ratio of 0.85 days. The stock has gained 179.22% over the last year.

Source: Friday's High Volume Gainers Chased by Smart Money