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C.R. Bard Moving Up Near 50-Day Average.(B)
Byline: Nancy Gondo
C.R. Bard, which has cleared a series of fairly short consolidations the past 18 months, marked a new high June 1. It hit a new intraday high the next month, but closed near the bottom of that day's range. Volume was about average. The stock has closed below its 50-day trend line since July 8, but hasn't fallen too far below. The low of the base is 10% off the left peak, putting it in the flat-base class.
The maker of catheters and other medical devices grew sales and profit growth more than 10% the past six quarters, and is expected to do so the next two. Return on equity held above 20% the past five years, helping Bard earn ...
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