Fri., 11/6/09 | 7:41PM - ABVT aggressively moved up this week from the support it recently found at the 50 DMA. Friday's action was bullish with a continued advance from Thursday's positive session and a close at new all-time highs on twice normal volume. This leading provider of high-bandwidth connectivity solutions announced third quarter 2009 financial results on Thursday that included an EPS of 0.88 cents a share. When we compare this number to the same quarter last year we get a 110% increase and that is well above the guidelines of just a +25% increase. This company now has a string of 6 consecutive quarters with a triple digit percentage increase in their quarterly earnings. Just about all ranks remain about as high as they can be.
At this point, any above average volume declines or a break of the 50 DMA and coinciding previous highs near $48 would be another...
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