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Chemed Moves From Plumbing To Hospice.(B)(NYSE STOCKS IN THE NEWS)
Byline: JONAH KERI
Chemed nearly doubled in price in just a two-month span from December to February. The stock then fell into a new base, now 6 1/2 months long. It's forming the right side of its base, trading above its 50-day moving average.
Formerly known as Roto-Rooter, Chemed transformed itself when it bought hospice care provider Vitas Healthcare for $406 million in December. The company still provides the plumbing, heating and air conditioning repair services long linked to the Roto-Rooter name.
The acquisition has provided a quick boost. Profit growth has hit 21% and 114% the last two ...
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