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THE REAL MOST ACTIVE Stocks Gain Ground, End String Of Down Weeks.(B)

Investor's Business Daily

| August 02, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: CRAIG SHAW

Stocks edged higher Friday amid mixed economic data and a spike in oil prices. The Nasdaq gained 0.3% in lighter trade, the large-cap Nasdaq 100 0.1%. The tech-heavy composite added 2.1% for the week to snap a four-week losing streak. But it lost 7.8% for July.

Olympic Steel rose 1.19 on triple normal trade to finish at 23.52, its highest close since January 1997. The steel products maker cleared a monthlong consolidation Thursday on the year's heaviest turnover after posting $1.82 in second-quarter profit vs. a 6-cent loss a year earlier. The stock's RS Rating of 99 shows it's outperformed 99% of the market over the past 12 months. Its Metal Processing & Fabrication group ranks No. 4 of IBD's 197 industries.

Cytyc Corp. rallied 2.31 to 24.10 on twice normal trade, reclaiming its 50-day support line. The maker of test sample preparation systems topped second-quarter profit views by a penny a share late Thursday and posted its best year-over-year revenue growth in four quarters. It's just 5% off its June 30 52-week high. Shares held by mutual funds swelled the past year from 28 million to 44 million.

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