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Vitamin Manufacturer Reclaims Support Line.(B)(NYSE STOCKS IN THE NEWS)
Byline: Craig Shaw
NBTY Inc. is trading near all-time highs as it shapes an eight-week base. The stock dipped below its 50-day moving average the week ended Sept. 26, but rebounded to the support line the very next week, a sign of institutional backing. Its shares moved from the Nasdaq to the NYSE on Sept. 19.
The nutritional supplement manufacturer grew profit 84% in fiscal 2002. Increases of 14% and 34% are expected the next two years. It's boosted revenue by double digits for 10 straight quarters.
NBTY leads its 47-stock Cosmetics/Personal Care group with a Fundamental Rating of 98, available from IBD Stock ...
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