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BJ's Wholesale Club broke out of a base it began in April on strong volume Wednesday. The stock notched a new high, closing within 5% of its pivot point of 40.88.
The Natick, Mass.-based membership warehouse club operates more than 100 storesin the Northeast.
Earnings growth has slowed slightly in the past two quarters, from 26% to 24% to 19%. But it has been 19% or higher in the past seven quarters. The firm is slated to report fourth-quarte
r earnings on Feb. 8. Analysts expect profit to rise 16% to 73 cents a share, First Call says.
Sales growth has been 16% or higher the past six quarters.
It belongs to the Retail-Major Discount Chain group, which in the past eight weeks has improved to 46th from 119th ...