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Endo Pharma Corrects After Its June 17 Peak.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Jonah Keri
After hitting a high of 19.45 on June 17, Endo Pharmaceuticals has corrected for six weeks. The stock may be forming the early stages of a base. As discussed in IBD WebLink on Thursday, don't cheat on a stock by buying before the breakout. Endo's trading below its 50-day moving average, 20% off its high.
The maker of acetaminophen-based painkiller Percocet and aspirin-based painkiller Percodan has posted year-over-year revenue growth of 41% to 127% in the last six quarters.
Profit has grown in triple digits during that time, except for last quarter, when ...
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