The top stocks from IBD's 33 sectors rose Wednesday in mostly heavy volume as the general market marched higher.
Several hit new highs.
Software developer SS&C Technologies (SSNC) and 3D Systems (DDD), a maker of printers capable of producing three-dimensional objects, each rose more than 2%.
3D Systems opened lower after announcing plans to sell more than $300 million worth of shares. But the stock reversed to end up 1.08 at 43.70 in huge volume.
William Blair said 3D may use cash from the sale for acquisitions.
SS&C, which develops software for the financial industry, rose 0.80 to a new high of 34.20 in double its average daily trade. The thinly traded stock continues to show bullish action after last week's 14% jump.
Its Accumulation-Distribution Rating has risen from C- to B+ in the past week, indicating demand for the shares has turned positive.
ARM Holdings (ARMH), a designer of energy-efficient chips for smartphones and other devices, also hit a new high. It rose 0.94 to 49.85 in below-average trade. The stock has risen eight straight days, including in above-average volume. It's now extended 12% past a 44.57 flat-base entry.
Yandex (YNDX) was the third leader to hit a new high Wednesday, but its action wasn't so bullish. The Russian Web portal and search engine ran up as much as 3%, then gave up most of the gain by the close. It ended up just 0.12 at 27.02. Volume was modestly above average. The stock is in a buy area, 4% above a 26.07 entry.
Meanwhile, mortgage loan servicer Ocwen Financial (OCN) rose 0.64 to 39.76 in heavy volume. It was the fifth straight gain as it shapes a base, most of which lies below the 10-week line, a bad sign.
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