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AMN Carving First Base After Nov. IPO.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
When trolling for stocks setting up in well-formed bases, don't forget IPOs. The best new issues feature sound business plans, robust sales and profit from day one. They also offer potential of explosive growth.
AMN Healthcare Services went public Nov. 13 at $17 a share. The stock has run into resistance around 28 three times in its base, most recently on March 13. Volume has stayed light over the last few days as AMN trades near the top of its consolidation. It's 5% off its high.
In its first reported quarter, the health care staffing firm posted profit of 23 cents a share, excluding items, on $160.1 ...
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