Trading Where the Action Is

• August 7, 2008
• David Penn

Stocks were rallying from intraday lows as of midday on Thursday with traders particularly aggressive in buying shares in technology-related stocks. Both energy stocks, which had opened higher, and financial stocks were pulling back.

Intel
(
INTC |
Quote |
Chart |
News |
PowerRating), SanDisk
(
SNDK |
Quote |
Chart |
News |
PowerRating) and Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating) were all up more than 5%, representing the continued strength in the technology sector. Retailer JC Penny
(
JCP |
Quote |
Chart |
News |
PowerRating) was also up significantly after the first half of trading, gaining more than 7%. To the downside, American

International Group
(
AIG |
Quote |
Chart |
News |
PowerRating) reported continued losses and refused to rule out having to raise additional capital. The shares were down by more than 17% as of

midday on Thursday.

Among Thursday’s biggest movers were Noble International
(
NOBL |
Quote |
Chart |
News |
PowerRating) and Pomeroy Computer Resources
(
PMRY |
Quote |
Chart |
News |
PowerRating) both of which impressed traders with better than expected earnings announcements.

Here is a list of stocks that have gained 20% or more so far in trading today.

Name	Symbol	% Up
Noble International Ltd.	NOBL	+72.41
Centerline Holdings Company	CHC	+39.78
Pomeroy Computer Resources	PMRY	+34.16
Haynes International Inc.	HAYN	+24.19
Caraustar Industries Inc.	CSAR	+21.89
Susser Holdings Corporation	SUSS	+21.56

Here is a list of stocks that have lost 20% or more so far in trading today.

Name	Symbol	% Down
Advocat Inc.	AVCA	-30.28
Emergent Biosolutions Inc.	EBS	-27.02
Utstarcom Inc.	UTSI	-24.03
Perficient Inc.	PRFT	-21.88
Inventiv Health Inc.	VTIV	-21.16
Photronics Inc.	PLAB	-20.84
Soundbite Communications Inc.	SDBT	-20.25

Source: MarketWatch

For a list of today’s top-rated stocks, click here.

David Penn is Senior Editor at TradingMarkets.com.