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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 ...