Even though the markets saw negative action on the day, a few highly rated stocks bucked the trend to show gains into new-high territory.
Inphi (IPHI) followed up on its heavy-volume gains from Tuesday with even bigger gains on even heavier volume. The stock gapped up for a 7.6% move Wednesday, closing at 32.94. That put the stock above its previous all-time high of 32.32 and finished out a cup base. The stock broke out from an earlier double bottom entry at 28.54 but lacked volume.