* Great earnings
* Strong up trend
* Very high 3-month relative strength in the Healthcare sector of 10.44
* Trading at higher than average volume creating a pocket pivot
* Trading in a tight range of ~5% range
* Little to no overhead resistance
* Has held up incredibly well during this correction with little to no downside at all.
Trade Idea:
* You can enter...
Prices broke´s up 78,20 resistance last two weeks, after that OMCL is having a rotaion above this level, for that reason, if we get to this level again i am going to look for longs
Omnicell has failed a couple attempts to break upward out of of the triangle pattern it's been in. But it's still well within its upward trend channel, so until it breaks that channel, I'm still fairly bullish on the stock. Omnicell has good analyst ratings and an earnings date coming up July 25.
However, the stock may fall to the $79 resistance level, so wait...
Omnicell is testing support this afternoon around the $81.50-$81.70. This has been a fairly high-volume level this week, so it should provide fairly solid support.
Without catalysts in either direction, Omnicell may trade for a while in a range between the $81.50-$81.70 support level and $83.70-$84.00 resistance level. The healthcare sector as a whole appears...
Omnicell is trying for the second time in recent history to make a bullish bottom triangle chart pattern. Most analysts are bullish on the stock, and it's spent most of its recent trading history on the upper side of the triangle. This morning the stock was repulsed by resistance at its May 6 close of 83.79. However, it may try again. Look for a close above that...
