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Parlux Sniffing For Breakout From Base.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Jonah Keri
Parlux Fragrances shot out of a 6 1/2-month base in late September. The stock then formed a base-on-base pattern, breaking out again Nov. 29. It's consolidated its gains for the last five weeks, finding support at its 50-day moving average.
The maker of branded fragrances, including Ocean Pacific, Perry Ellis and Paris Hilton, has logged revenue growth of 24% to 36% in the last four quarters. Profit growth hit 53% last quarter after touching triple digits, thanks to easy comps earlier in 2004. Though Parlux is a micro-cap stock at just $196 million, it trades a healthy average ...
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