OMNICARE INC
(OCR-NYSE):
Technical Viewpoint: From a high
of $24.52 on May 2, 2003 prices
declined, reaching a
low of $27.60
on May 9, 2003. A
rally saw prices pull back, reaching a
high of
$26.05 on Jun 4, 2003.
Another decline saw prices penetrate
support, closing 6/6/03
at $28.71. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on May 9, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.25. Resistance: Is at $28.83.
Point & Figure: Reversed to the downside on Jun 5, 2003. A P&F downside
reversal takes place at $27.65. Summary: Technical indicators have turned bearish. SELL! OMNICARE INC
(OCR-NYSE) @ $28.88 Stop: Use a protective stop of $26.88.
OMNICARE INC is currently trading @ $28.71 minus $1.01 on Jun 6, 2003. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $19.12. Today's Risk Reward Ratio: 9:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $19.12
Risk/Reward Ratio:
9:1
|