After showing a strong upward move at the open, electronic storage stocks are continuing to see notable strength in late-morning trading on Tuesday.
The strength among electronic storage stocks is reflected by the 1.6 percent gain currently being shown by the NYSE Arca Disk Drive Index. With the advance, the index is bouncing back from yesterday's weakness and is on target to end at its best level since late April.
Hutchinson Technologies (HTCH) is turning in one of the sector's best performances, with the maker of disk drive parts currently up by 3.4 percent. The upward moving is lifting the stock off of the three-week closing low it set on Monday.
Western Digital Corp. (WDC) is also helping to lead the sector higher, advancing by 2.3 percent. With the gain, the stock has risen to its best intraday price in nearly six months.
Buying interest has also elevated Seagate Technology (STX) to one of the leading gainers in the sector, posting a gain of 2.7 percent. Shares set a five-week intraday high in earlier dealing.
Shares of STEC Inc. (STEC), SanDisk Corp. (SNDK), Imation Corp. (IMN) and NetApp Inc. (NTAP) are also on the rise, climbing by varied gains.
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