odeaolay

Oppenheimer Holdings Technical Setup possible upside of 16%

Long
NYSE:OPY   Oppenheimer Holdings, Inc.
OPY
Oppenheimer Holdings: ticker $OPY Possible upside of 16%, Earnings Report on 1/24/2018 Est .69, TTM vs Prior TTM 68.93%

After one month of consolidation under the 20 day sma, opy traded at twice the average volume of 160k shares having a 5.77% gain on the day paired with larger than average volume on the weekly chart.

Bollinger Bands: Tightened on 1/18/2018 with a following break out on 1/19/2018, may continue to ride upper band.

MACD (12,26,9)L Bullish crossing on 1/19/2018 at ~0.1771 after bearish crossing on 12/5/2017.

Moving Averages: Just crossed over 20 day sma after bouncing off 50 sma on 1/10/2018. Currently sitting at 4.86% above 20 sma, 6.52% above 50 sma and 47.34% above 200 sma.

RSI (14): Currently at 67.19

Resistance/Support using Fib:
Support Levels at 28.00, 27.45 and 26.60 levels.
Resistance at 28.80, 29.65 and 30.15 levels.

https://imgur.com/Lyuj4rv


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