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Armor, CEC Giving Bases Another Try.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
Armor Holdings has formed an ascending step pattern over the last few months, capped by impressive leaps to new high ground each time. After the last such move in late May, though, the stock retreated below its 50-day moving average and is now regrouping. Armor's tight price and volume action in the last few weeks is a good sign.
The maker of bulletproof vests, helmets and nonlethal products such as tear gas hails from the Commercial Services-Security/Safety group, which has dwelled in the top 10 among IBD's 197 industries the last several months.
Armor's sales growth has accelerated in the last three ...
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