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American Medical Weakly Clears 50-Day.(B)(NASDAQ STOCKS IN THE NEWS)

Investor's Business Daily

| February 02, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Jonah Keri

American Medical Systems has cleared a series of short patterns since staging a huge breakout in January 2004 from a well-formed base. The stock's latest consolidation has lasted five weeks. The stock's low-volume move above its 50-day moving average is a concern. Ideally you'd like to see volume pick up in the right side of the base.

The maker of urological and gynecological devices posted profit growth of 47% and sales growth of 32% last quarter, the best showing in at least a year. Pretax margins have surged to 24.3% from 1.7% in the last three years. The firm is slated to report ...

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