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Byline: Nancy Gondo
Black & Decker broke out of a three-month base in July and rallied over 35% through its Nov. 15 high. It traded sideways, forming a flat base above its 50-day average. The stock tried to break out in late December but reversed with the market, falling back into and slightly undercutting the prior pattern. It looks like it's still shaping the bottom of the base. You'd want to see the stock log up weeks on above-average trade as the base rounds out.
The maker of hand tools and home appliances' after-tax margins slid the past two quarters. But pretax margins rose the past three years from 6.2% to 11.2%, helping Black & ...