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THE REAL MOST ACTIVE Nasdaq Tries To Shake Free From Losing Streak.(B)
Byline: CHRISTINA WISE
Nasdaq traders seemed to take a positive view of the latest round of economic data, sending the composite index up 1.9% Tuesday.
Medical stocks scored some of the day's biggest wins. United Surgical Partners shot up 3.95 points, or 16%, to a new high of 28.90. That left it free of the cup-with-handle pattern it began last September. The handle portion of this chart pattern formed above the original base, which has been seen in some successful breakouts.
Tuesday's move came after the surgical hospital operator blew past analysts' 13-cent consensus estimate with first-quarter earnings of 19 cents a share. During the same period last year it lost 4 cents a share.
Others scaling new heights included Accredo Health, which jumped 3.54 to 64.73 on double its usual trade. On Monday the pharmacy contract services firm topped estimates with third-quarter earnings of 33 cents a share, up 83% over last year. The firm also nudged its fiscal 2002 earnings guidance up to between $1.09 and $1.11 a share from $1.05 to $1.10.
Computer stocks put on a good show. Intergraph popped back above ...
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