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United Defense Forms Fresh, Flat Pattern.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
United Defense Industries has found support at or above its 200-day moving average every step of the way since April 2003. The stock has formed a tight, flat pattern above its consolidation from earlier this year, this time with support above its 50-day.
The maker of combat vehicles, fire support equipment and other gear posted third-quarter earnings of 99 cents a share last week, annihilating First Call's consensus estimate of 62 cents and marking the third straight quarter of accelerating growth.
United Defense is a leader in the small, laggard Aerospace/Defense group, topping its seven peers in ...
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