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THE REAL MOST ACTIVE Nasdaq Adds 1% As Tech Stocks Keep Mending.(B)
Byline: JUAN CARLOS ARANCIBIA
The Nasdaq moved confidently Wednesday, climbing 0.9% to a 12-week high on heavier volume. The Nasdaq 100 rose 1.1%.
Technology shares were among the day's winners, as the sector continued to mend.
ADE Corp. broke out of a cup-with-handle base stretching back to October 2003 after the stock surged 2.88, or 13%, to 25.31 on more than seven times its average volume. According to news reports, a WR Hambrecht analyst made bullish comments about ADE, seeing accelerating demand for its customers' products. It also praised its business model and the stock's valuation.
ADE, which was featured in Wednesday's Stocks In The News, makes equipment that checks silicon wafers and disk drives for defects in the manufacturing process.
*Ixia, which makes test equipment for telecom gear companies, rose 35 cents to 18.74.
United Surgical Partners closed at its intraday high after rising 1.86 to 50 and making an all-time high. FTN Midwest started coverage of the hospital operator, a component of The IBD 100, with a buy rating. ...
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