SELL! OMNICARE INC (OCR) NYSE

  Report No. 1776    Analysis by: Harry Aloof     JUNE 9, 2003

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

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Price Objective:
$48.00 Risk/Reward:
$2.00 VS. $19.12 Risk/Reward Ratio:
9:1
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