Some Leaders Turn Tail From New Highs
With most of the major market indexes hitting multiyear highs, leaders from diverse industry groups scored their own milestones Friday. But a few reversed lower. NetSuite (N) rallied to a new high, but reversed badly. It turned an 8% gain into a near 2% loss. Despite this, the stock is still 3% past a 67.12 buy point. Late Thursday, the software maker delivered fiscal Q3 results that easily beat views. D.R. Horton (DHI) and Meritage Homes (MTH)
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