13:30 ET Sector Watch: Storage : Investors/traders pressing stocks in the storage sector today. Leading the advance is McDATA
(MCDT 38.20 +6.45), which has benefited from a major short-squeeze over the last two sessions. Other movers in the sector include:
STOR (+16%), BRCD (+14%), JNIC (+14%), EMLX (+11%), INRG (+7%)... Also seeing interest at the bottom of the storage space:
Gadzoox (ZOOX 3.06 +1.30, +74%).
13:02 ET Sector Watch: Oil Service : Remains under substantial pressure following early slide led by GLBL -7.3%, SII -7.2, NE -7%,
RDC -6.7% and RIG -6.3%. However, the OSX index has established a temporary bottom near its 20/50/100/200 moving averages in the
123/122 area. Stabilization above here is a positive but a move back through 126/128 is needed to neutralize the short term negative bias.
Next supports for the index are at 119 and 115. |
