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Aeroflex has been trading between 20 and 35 for 15 weeks. The stock is 15% off its Oct. 20 high of 38.19.
The stock's Relative Price Strength Rating has been a 99 for at least nine weeks. This means the stock has outpaced 99% of all stocks in IBD's database interms of 12-month price performance.
The contract electronics maker is seeing fast growth in its fiber-optic assembly business. Profit dropped from year-ago levels in the fourth quarter
of 1999, but has since risen 22% to 267% in the past four periods. Annual profit is seen rising 30% to 43 cents a share in fiscal 2001 ending in June, says First Call.
Sales growth has quickened ...