LCA Vision Inc  (LCAV $27.68) is a developer and operator of fixed-site, laser vision correction centers under the brand name LasikPlus. The Company's vision centers provide the staff, facilities, equipment, and support services for performing laser vision corrections that employ advanced laser technologies to help correct nearsightedness, farsightedness and astigmatism. LCAV has performed over 300,000 laser vision correction procedures in its vision centers in the United States and Canada since 1991. As of December 31, 2003, the Company operated 40 laser vision correction centers, including 36 wholly owned vision centers located in large metropolitan markets throughout the United States, three joint ventures in Canada and one joint venture in Europe.

Its annual history (the A in CANSLIM) has a blemish that includes losses in fiscal 2000 and 2001, but recent sales revenues and earnings growth acceleration is helping it to re-emerge as a leader in the very strong Medical-Outpatient/Homecare group.  A look at its five-year chart shows the earnings downturn coinciding with a long and deep price downturn that led to it forming a very large a cup-with-handle like chart pattern.  The left side was formed near the time the Nasdaq Composite peaked in March 2000.  The cup's right side was formed in January '04, and from then it formed a downward sloping handle.  As selling pressure subsided it later powered above its 50-DMA Of course, it is still a long way under its 1999 peak near $57.00. 

It can presently be considered among the wiser choices to focus one's investment dollars on, while only a bad technical failure back into its prior base with heavy volume would change the bullish outlook for LCAV.   

More Info: 5-year Chart from BigCharts.com

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