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THE REAL MOST ACTIVE Nasdaq Rallies Back For Gain; Volume Picks Up.(B)
Byline: CRAIG SHAW
Techs fought back to positive ground Tuesday even as consumer sentiment softened and analysts issued a dim outlook for chips. The Nasdaq turned a 0.9% loss into a slim 0.1% gain by day's end. Volume rose from Monday's levels but was still well below average with many traders away from New York.
II-VI Inc. romped 2.06 to a 52-week high of 38.06 on nearly twice normal turnover. The laser component maker cleared a high handle Aug. 11 and is up 17% from that buy point. Profit growth accelerated from 21% to 52% to 64% the past two quarters. The American Stock Exchange planned to start trading options Wednesday.
Shuffle Master popped up 0.91 to 33.14 on brisk trade. The card-shuffling-device maker reclaimed its 50-day moving average as it works its way up the right side of a three-month base. The firm reports third-quarter results after Thursday's close. Wall Street sees 24 cents in profit on revenue of $21.5 million. That would be the strongest earnings growth in five quarters.
Fastenal gained 1.08 to 62.78 on active turnover. The industrial supplies dealer has grown revenue every year since at least 1990. It operated 1,314 stores in 50 ...
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