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American Medical Close To 50-Day Line.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Nancy Gondo
American Medical Systems hit a new intraday high Feb. 13 before starting its 11-week base. It's traded mostly below its 50-day moving average since March 15, but recently climbed back up near that line. Volume dried up along the bottom of the base, a positive sign. Two up weeks and no down weeks on above-average trade are also a bullish sign. You'll want to see its Relative Strength line turn up and its RS number improve as the base rounds out.
The maker of incontinence and impotence treatments grew profit the past two quarters. Sales growth has come in at least 20% the past three quarters, ...
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