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Byline: Jonah Keri
Laserscope has forged a deep, eight-month base. The stock hit the bottom of that base with two scary weeks, plunging 24% and 18% in massive volume.
But Laserscope quickly righted itself. Its 36% surge the week ended Oct. 29 showed its potential after Laserscope beat third-quarter earnings views and issued 2004 and 2005 guidance above Wall Street estimates. The stock has edged lower in the last four weeks on light volume while forming a handle, with a pivot point of 34.10.
The maker of medical laser systems has posted accelerating sales growth in the last five quarters, …