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THE REAL MOST ACTIVE-NYSE Nasdaq Stocks Snap Two-Week Selling Streak.(B)

Investor's Business Daily

| October 03, 2005 | COPYRIGHT 2005 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: DAVID SAITO-CHUNG

The Nasdaq gained 0.5% Friday to close the week up 1.6%. Volume dropped. The Nasdaq 100 rallied 1.9% for the week.

Some wireless telecom gear makers have made decent strides in recent weeks. Qualcomm has rallied 39% since late April and is near the top of a nine-month cup base. The stock traded quietly Friday, edging down 24 cents to 44.75 on below-average trade.

Garmin moved up on strong volume for a second straight session. The maker of global positioning system-based handheld devices rose 1.15 to 67.83 on volume nearly 80% higher than its average over the past 50 sessions.The stock is up 17% since breaking out of a nine-month cup-with-handle base in the week ended Sept. 2. The ideal buy point was 57.72.

On Thursday, Garmin announced it is now a tier-one OEM supplier with its modular GPS navigation system on the 2006 Honda Gold Wing motorcycle. This is the first time Garmin has provided a vehicle maker with a factory-installed navigation system. Garmin also makes products for pilots, fishermen and hikers. Earnings per share have risen for three straight years, and ...

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