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REAL MOST ACTIVE Techs Gain Ground As More Breakouts Crop Up.(B)

Investor's Business Daily

| September 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

Techs outperformed blue chips Wednesday as crude oil resumed its climb. The Nasdaq rose 0.7% on heavier but still subpar trade. Education, oil and medical supplies stocks were among the top performers.

Hansen Natural surged 3.38, or 14.2%, to 27.12 on 3 1/2 times normal turnover. The maker of natural juices and sodas has been a mainstay of the Investor's Business Daily 100 list of leading growth companies. It ranked No. 45 in Monday's list. Sales growth accelerated from 8% to 62% the past four quarters. But its Beverages-Soft Drinks group sank from No. 19 to No. 96 of IBD's 197 industries the past eight weeks.

Petroleum Development burst out of a six-month base on triple normal trade, spiking 2.53 to 33.56. The natural gas producer tried earlier breakouts in mid-July and early August, but sank back to its 50-day support line. Profit growth was 43% or better the past seven quarters. Its Oil & Gas-U.S. Exploration & Production group was the No. 2 performer of IBD's 197 industries with a greater than 2% gain.

Indian IT services firm Infosys Technologies romped to a three-year high of 53.39, up 1.26 on more than twice normal ...

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