Top Narrow Based Indexes For August 23 (PAR, NGLPF, MGPI)

By Monica Gerson
Benzinga Staff Writer
August 23, 2010 12:06 PM

Posted in: Long Ideas, News, Earnings, M&A, Intraday Update, Markets, Trading Ideas

By 12:23 pm, the Dow Jones Industrial Average was down 5.07 points, or 0.05%, to 10,208.55, while the broader Standard & Poor's 500 index had gained 0.23 points, or 0.02%. The NASDAQ composite index fell 10.54 points, or 0.08%.

Some of the narrow based indexes that are supporting the market are Data Storage Stocks, which have gained 6.2%, Geothermal Stocks, up 1.4%, and Ethanol and Biofuel Stocks, moving 1.3% higher as a group.

In Tickerspy's Data Storage complex, 3PAR Inc (NYSE: PAR) had surged 43%. Hewlett-Packard (NYSE: HPQ) has decided to bid for PAR at $24 per share, just days after Dell (NASDAQ: DELL) decided to offer $18 per share for the company.

The best performing Tickerspy Geothermal stock has been Nevada Geothermal Power (OTC: NGLPF), which was up 2.0%. NGLPF’s 52-week trading range is $0.50 - $1.22.

MGP Ingredients Inc (NASDAQ: MGPI) is today’s leading Tickerspy's Ethanol and Biofuel stock, gaining 5.8%. MGPI swung to profit in the fourth quarter.

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