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Cosmetics Distributor Shapes 3-Stage Base.(B)(NYSE STOCKS IN THE NEWS)

Investor's Business Daily

| April 01, 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

Nu Skin Enterprises appears to be in the third leg of an ascending base. Rarer than cup-with-handle or double-bottom patterns, ascending bases feature three pullbacks from 10% to 20%, with each low point higher than the earlier trough. The stock declined 9.6% in its first leg down, a bit shallower than normal.

The personal care products maker grew profit 41% in the fourth quarter. Its Accumulation/Distribution Rating of A+ shows strong buying by mutual funds the past 13 weeks.

The Cosmetics/Personal Care group surged from No. 70 to No. 6 among IBD's 197 industries the past eight weeks. ...

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