Commerce One Lifts B2B HOLDR
Not a bad day for the tech-focused
ETFs, considering the give-take-action across the breadth of stocks.
The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
gained 7.5%, the day’s sharpest gain among the exchange-traded
funds.Â
The basket benefited from a 29.2% gain
in Commerce One
(
CMRC |
Quote |
Chart |
News |
PowerRating). Pacific Growth Equities initiated coverage on the
company with a “buy.” Another component, PurchasePro
(
PPRO |
Quote |
Chart |
News |
PowerRating), rose
21.4%.
The Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) added
4.2%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 3.4%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 2.5%.
On the downside, the Internet
Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) dropped 4.0%. Losses in retail stocks pressured
the Cyclicals-Transportation SPDR
(
XLY |
Quote |
Chart |
News |
PowerRating) 4.0% lower. The Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating)
fell 3.8%.
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. In the second field, a
blue relative strength line represents the displayed security’s price
performance relative to the S&P 500. The third field displays vertical daily
volume bars in black with a 50-day moving average in blue for volume.
If you’re new to exchange-traded funds,
be sure to visit TradingMarkets’ Knowledge Center,
dedicated to explaining the basics of trading and active investing in ETFs and
mutual funds. Just click on the Funds tab
near the top of this page, then click on the Knowledge
Center tab.Â
You also will find lessons on trading
exchange-traded funds in the Stocks Education area of TradingMarkets.com. In
particular, check out my three-part series on trading ETFs, starting with
Average Crossovers. I also recommend newcomers read my tutorial,
HOLDRs: Unique Opportunity And Risk.