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THE REAL MOST ACTIVE Dow, S&P 500 Make Gains As Volume Drops.(MAKING MONEY)
Byline: KATHARINE STALTER
The S&P 500 gained 0.9% Wednesday and the Dow 0.8% as volume edged lower.
More leading stocks -- those with high EPS and RS Ratings -- were up in above-average volume. But among stocks trading downward, leaders tended to fall in unusually heavy trade.
Grant Prideco advanced 0.55 to 24.57 in brisk trade. The maker of gear for the oil drilling industry has been forming a shallow saucer-shaped base since mid-March.
Upscale clothing and accessories retailer Coach climbed 1.63 to 30.67 in almost twice normal turnover. Earnings grew between 36% and 125% the past nine quarters. The stock boasts the top EPS Rating, 98, in the Apparel-Clothing Manufacturing group.
Meritage Homes gained 3.76 to close at 76.48 as volume nearly doubled. The stock ...
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