April 04, 2013 at 18:29 PM EDT
Buyers Shop In Retail Stocks; Panera Breaks Out Bread
Despite a modest bounce Thursday from the prior day's heavy losses, the number of 52-week highs again took a tumble. Many new highs came from utilities, which are generally defensive issues. But a round of retail-related names also hit new 52-week highs. Conn's (CONN) bolted for a second straight session and came within pennies of its 2006 all-time high. It's now 40% past a 31.45 buy point from a flat base cleared Feb. 12. The appliance and
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