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Byline: Jonah Keri
Morning gains turned south as the Nasdaq lost 0.5% on Monday. The tech-rich index traded in a narrow 40-point range intraday as volume dropped from Friday's end-of-quarter frenzy. The Nasdaq 100 inched down 0.2%.
A handful of medical service stocks had a rough day. Accredo Health gapped down 3.19 to 34 as volume picked up fivefold. The provider of contract pharmacy and treatment services for patients with chronic diseases closed at its 50-day moving average. The stock is working on a choppy six-month base. AmSurg, which surged to a new high on Friday, fell 1.90 to 27.65 on twice its normal trade. The ambulatory surgery center operators is riding a strong up trend.
But contract medical research firm SFBC International jumped 1.69 to 30.69 on nearly 3 1/2 times usual trade. The firm has nearly quadrupled since going public on Oct. 11. Clinical research firm ICON PLC rose 2.23 to 32.40 on triple its usual volume.
Back to the downside, Sicor slid 1.45 to 21.65 on nearly double typical turnover. The maker of injectable oncology drugs has zoomed 36% since crossing its pivot of 15.94 on May 17.
Priority Healthcare, which distributes specialty drugs and medical supplies, tanked 4.14, or 15%, to 24.14. ...