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Data Handling Firm Keeps Steady Growth.(B)
Byline: David Saito-Chung
Iron Mountain burst past resistance at around 34.75 on heavy volume Friday. Its Relative Strength line poked into new high ground. The stock is trying to break out of a three-month consolidation following strong gains in October and November.
The Boston-based firm provides records management in paper, computer tape, optical disk and microfilm formats. The company also offers material-shredding services.
Iron ended five years of red ink with a profit of 78 cents a share in 2002. Analysts see earnings up 11% to 87 cents this year. Revenue has grown at a low ...
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