NASDAQ 100 Round Up - Lower: FSLR, VRTX, URBN

Published on Friday, 17 February 2012 13:35 Written by Christopher Lynn

New York, February 17th (TradersHuddle.com) - The NASDAQ 100 Index is lower trading at 2581.24, which represents -0.43% versus its previous close. The index is having a negative day with more than 60% of the NASDAQ 100 components trading negative.

First Solar (NASDAQ:FSLR) is the NASDAQ 100's top performer today with the stock trading at $42.8 representing 7.78% from its previous trading session. Shares of First Solar, the largest maker of thin film solar modules in the world have defined support at $37.88 and resistance at $50.20.

Vertex Pharmaceuticals (NASDAQ:VRTX) is also among the top performers, and it is trading at $39.91 representing 6.46% from its previous close. Vertex Pharmaceuticals, the biotechnology company focused on developing novel small molecule pharmaceuticals has calculated support and resistance levels at $34.10 and $38.62 respectively. The other top performer of the NASDAQ 100 is Urban Outfitters (NASDAQ:URBN), which is trading at $28.65 representing 4.3% from its previous close.

The NASDAQ 100's worst performers include Gilead (NASDAQ:GILD) that is trading at $46.69 or -14.82% from the previous close. Shares of Gilead, the biopharmaceutical company that offer drugs for the treatment of Aids and liver disease have defined support at $53.42 and resistance at $56.50. Also among the worst performers Baidu (NASDAQ:BIDU), which is trading at $136.2 representing -3.97% from the previous trading session.

The NASDAQ 100 is underperfoming the Dow Jones but is pretty much equal with the S&P 500. The Dow Jones Industrial Index is currently trading at 12939.9, which represents 0.28% from previous close, the S&P 500 on the other hand is trading at 1360.24 that represents 0.16% from its previous close.