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Upside Trade Mounts For Internet Banker.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Craig Shaw
NetBank is rounding out a more than yearlong base. The stock's up/down volume ratio climbed from 0.8 to 2.1 the past two months as it logged a seven-week string of up weeks on above-average turnover. It's 9% off its 52-week high.
The Internet banker is working on a five-quarter streak of triple-digit profit growth. But analysts see earnings growth slowing from 43% this fiscal year to 13% the next. Pretax margin of 13.9% in fiscal 2002 marked a seven-year high.
The Internet-E-Commerce group ranks No. 4 of IBD's 197 industries. Despite its 99 Overall Rating from IBD Stock ...
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