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AptarGroup Shaping A Three-Month Base.(B)(NYSE STOCKS IN THE NEWS)
Byline: Nancy Gondo
AptarGroup marked an intraday high Dec. 23 before easing, then matched that high on Jan. 3. It pulled back up to 14% over the next 3 1/2 weeks to shape the left side of a base. A handle may have started March 4, but volume wasn't as light as you'd like to see. It was above average the week ended March 18. The stock's 5% off its high.
The maker of dispensing systems for personal care products stepped up sales and profit growth the past two quarters. A slowdown in both is expected in the first quarter. AptarGroup tops the Stock Checkup Overall and Attractiveness Ranks in its 24-stock Containers group.
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