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After a 68% move in just 1 1/2 months, Lincare Holdings lapsed into its currentconsolidation on Dec. 29. At 20% off its old high, the stock still has a lot of work to do but may be worth keeping an eye on.
Despite its recent downturn, Lincare carries an Accumulation/Distribution Rating of A. It's also consistently found support at its 50-day moving average.Both are indications institutional investors are stepping in to buy the stock.
Based i
n Clearwater, Fla., Lincare provides oxygen and other respiratory home health care services to more than 270,000 customers in 44 states.
It's a member of the Medical-Outpatient/Homecare group, currently ranked No. 1 in six-month performance among the 197 industries that IBD tracks.
With an EPS Rating of 89, Lincare has the ...