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Investment Technology Group has been building a base for 17 weeks. The stock is20% off its high and still in the middle of its base. It needs to work its wayhigher before reaching a good level from which to break out.
The company provides tools and research to help institutional investors executebetter trades. It has operations in Europe, Canada and Australia and runs the POSIT stock trading system.
ITG had shaky results in 1998 and the thi
rd quarter of 1999. But earnings have risen 19% to 65% from year-ago levels forfour straight quarters. Analysts polled by First Call see fourth-quarter earnings falling 14%. But full-year earnings are seen rising 26% to $1.94 a share in 2000 and 24% to $2.41 in ...