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Sporting Goods Chain Traces Quiet Handle.(B)(NYSE STOCKS IN THE NEWS)

Investor's Business Daily

| March 02, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Craig Shaw

Sports Authority hasn't touched its 50-day moving average since mid-January as the stock weathers a choppy market. It has added a five-week handle to its base after its Jan. 26 push to new highs failed. It marked the bottom of its pattern with a powerful reversal week.

The No. 1 U.S. sporting goods retailer has grown annual profit every year since 1999, with 12% and 26% increases seen the next two years. Quarterly results have been choppier. Earnings growth of 4% in the July-ending quarter was followed by 55% growth last quarter and an estimated 3% in the current quarter.

The Retail-Leisure Products group has ...

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