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THE REAL MOST ACTIVE Small And Mid Caps Pace Second Straight Rally.(B)
Byline: MARIE BEERENS
The Nasdaq rallied for a second straight day on heavy volume Monday, closing up 1.5% and regaining its 50-day moving average.
Raven Industries shot up 2.54, or 9%, to an all-time high of 31.44 on nearly quadruple its average trade. The maker of plastic sheeting, electronics and agricultural precision products has reported ten quarters of double-digit earnings per share growth on strong sales. It reports Nov. 14.
Neoware Systems soared 1.56 to a 52-week high of 18.82 on almost triple usual turnover. The provider of thin-client software announced on Monday a new distribution partnership with Getech, the leading distributer of thin-client desktops in the U.K. The aim is to expand its selling and support efforts in the U.K. It reports on Wednesday.
Coldwater Creek rallied 2.91 to 26.99, reclaiming its 50-day moving average in six weeks on heavier than average volume. The retailer sells women's apparel, gifts, jewelry and accessories online and via catalogs. Its earnings and sales growth have accelerated over the past quarter, helped by store expansions and increased traffic in its Internet business and catalogs. It reports Nov. 22.
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