OCN: Ocwen Financial Corp. 2022-05-23 06:45:00 Ocwen Board of Directors Authorizes $50 Million Share Repurchase Program
The Company reported a net income of $2.0 million and a pre-tax loss of $6.2 million for the three months ended June 30, 2020, compared to a net loss of $89.7 million and a pre-tax loss of $84.3 million for the three months ended June 30, 2019. Adjusted pre-tax income was $18 million for the quarter compared to a $27 million adjusted pre-tax loss in the prior...
$OCN after hitting the support now forms a bearish setting.
Ocwen Financial (NYSE:OCN) rises 15% in after-hours trading after its board authorizes an open market share repurchase program of up to $5M. Estimates Q4 pretax income of $37M; net income of $35M; and pretax earnings excluding income statement notables of ~$12M. Remains on track to achieve pretax profitability, excluding income statement notables and...
NYSE:OCN Sitting on support line dating back to April 2017. Expecting bounce to 5.50 - 6.00 range by end of Q1 2019, or possibly end of 2018.
OCN closed at 4.3 on Friday. The average daily volume is about 750K with a 200 day moving average of 3.85 and a 50 day moving average of 4.23 can indicate an uptrend confimation. OCN still managed to close also above the 20 and 10 day moving averages which is a good indication of short term uptrend. It is still up over 40% from January YTD. ADX is above 29 (...
OCWEN Nice Cup and Handle Forming Strong Strength Looking for 30% to %50 Upside
TP yellow arrows
Go short the OCN if it trades at 2.65 or lower. If triggered, place your stop at 3.05 and exit the position for a profit at 2.27 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
BB squeeze. Strong bearish candle a lot of volume.
$OCN will not proceed higher until the "#1 Supply" signal from 2014.02.19 flips to "#1 Demand". Even though a longer term #4 Demand signal calculated yesterday, alignment is needed first. I am still holding. I will loosen up my stops. Outside chance of a test down. A "D" distribution signal will let me know if there is a test down coming. These scripts are...
$OCN Ocwen LONG on pull back and low supply. See s/r levels and demand/supply signals. Long at $8.56, Stop under $7.37
OCN - OCWEN FINANCIAL and NSM - Nationstar Mortgage tend to lead/lag with each other and this time OCN reported earnings first and has plunged. NSM reports soon and could follow the fate of OCN and head south to catch down to the drop in OCN. NSM - 29.96 last OCN - 26.82 last Tim 2:20PM EST Monday, 8/4/2014
Nice bottom channel play which formed after double bottom support. Expecting $60+