The market is trading mix on different exchanges. The tech heavy Nasdaq is up about 1.2%, but the DOW is trading down. The Nasdaq index is heavily influenced by Cisco (CSCO) which announced good sale revenue in the coming quarters. That gave a boost to the stock as well as the Nasdaq index. Trading on (CSCO) is heavy, almost 4 times the normal volume. This stock may have another 2 points to the upside in the short term. That would translate into 10% gain in the short term. If the market can continue its uptrend like today, then it may break the old 52 week high.
The Cisco suppliers also on the upside, (IDTI) up about $1 and (NETL) up about $4.
Today's Stock Movers at 2:30 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(DIGE) 45.00 +4.88 +1,197
(FWLT) 42.00 +2.75 +203
(TU) 45.01 +1.27 +201
(CTCM) 23.34 +1.18 +201
(BMC) 24.38 +1.44 +188
Stocks Down:
(HSP) 35.74 -7.06 +2,356
(ASEI) 37.91 -7.89 +1,734
(UHAL) 84.20 -3.87 +1,689
(JRCC) 16.20 -4.27 +1,020
(LEND 35.87 -6.41 +985
Tags: stocks midday
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