After showing a strong upward move at the open, electronic storage stocks continue to see notable strength in late-morning trading on Thursday.
The strength among electronic storage stocks is reflected by the 1.1 percent gain currently being shown by the NYSE Arca Disk Drive Index. The upward move has lifted the index further off the seven-month closing low it set on Tuesday.
Hutchinson Technologies (HTCH) is turning in one of the sector's best performances, with the maker of disk drive parts currently up by 5.2 percent. The upward moving is lifting the stock off of the roughly ten-month closing low set early last month.
STEC Inc. (STEC) is also helping to lead the sector higher, with the stock currently up 4 percent. With the advance, the stock has risen to its best intraday price in nearly two months.
Shares of Imation Corp. (IMN), EMC Corp. (EMC), and Western Digital Corp. (WDC) are also on the rise, while NetApp, Inc. (NTAP) is turning in a disappointing performance, falling by 1.6 percent.
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