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February 21, 2013 at 19:04 PM EST
HomeAway Launches To 52-Week High; Defensives Gain
As the stock market sold off for a second straight session, the number of new 52-week highs took a dive Thursday. Not a single IBD 50 component hit a new high, but a few highly rated stocks were able to buck market weakness and etch new peaks. HomeAway (AWAY) gapped up and touched its best levels in more than a year in reaction to strong quarterly results. Late Wednesday, the operator of a vacation rentals marketplace beat expectations with Q4
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