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Coin-Counting Firm Lifts 2002 Estimates.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Craig Shaw
Just because the Nasdaq followed through Monday doesn't mean you should rush out and buy stocks. Many leading stocks need time to finish their bases. Keep a watch list of those forming sound price formations after hitting 52-week highs.
Coinstar is in the 14th week of a cup-shaped base. It climbed 35% from its last base beforehand, meeting the criterion of a prior uptrend. It rose 7.8% Thursday on 2 1/2 times its normal trade after beating second-quarter profit views and raising its 2002 outlook.
The firm runs nearly 10,000 supermarket coin-counting machines. It processed ...
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