Top stocks in the travel, leisure, Internet and
software sectors lead the market’s advance in higher volume on Wednesday,
including Rovi (ROVI), Herbalife (HLF), ARM Holdings (ARM), Priceline.com (PCLN), Aruba Networks (ARUN), Netflix (NFLX) and Baidu (BIDU), Investor’s
Business Daily reported.
The market’s bounce lifted the major indexes for
the fourth time in the past five sessions. Volume was sharply higher on the
Nasdaq and modestly higher on the NYSE, IBD reported.
Technicals continue to look mostly positive, with
all four major indexes holding above their 50-day moving averages and the ratio
of hiw highs to new lows a bright spot, according to IBD.
Among the leading stocks, Priceline rose 17 to a
new high of 329, and Netflix jmped 4 to a new high of 146. Herbalife rose 2 to
close at 58 in volume 80% higher than average.
Cabot Top Ten Weekly has recommended all these
leading stocks in the past several weeks.