Company raises earnings guidance for full-year 2020 - expected to benefit from improved productivity and increased manufacturing output in response to unprecedented demand for personal protective equipment, an earlier than expected increase in elective procedures across much of the country, favorable product mix, and operating efficiencies. -Additionally, the...
$OMI May investors liked the price in the small range higher from where it currently is. Looks like there is an opportunity to be able to scalp a quick 3-5% on the stock if it is able to move over 7.75 (.5 FIB) Stock appears to be slower moving than the rest of the market. Would use a hard stop loss of 6.90. MACD and SMI both are sending bullish signals. It...
Maker of wide array of medical equipment seems to not have participated much in the Covid hype, my guess is it catches up. Why do I make such a bold claim? 8 months consolidation atop 200 day MA with 200 MA beginning to slope upward Upper trend of parallel channel now acting as support Shorter term wedge breakout has occurred (actually a little late to the party...
Unlike other mask suppliers OMI has not seen the parabolic moves in stock price, Fridays appearance with Jim Cramer on CNBC has turned that around
The stock jumped Monday after CNBC highlighted the companies efforts to step up production to meet the demand for their protective products as a result of COVID-19
OWENS & MINOR INC NEW COM - Chart: Advanced off lows and consolidating in an area of long term support/resistance for over six months. A breakout over $8 should lead to appreciation to >$18. Fundamentals: Medical supplier seeing increased sales of essential PPE used in COVID19 fight. Sales will continue for several years as the virus is fought and after as...
Highest volume since break out yesterday. If break 7 with volume - Buy Tight stop loss at 6.90
MA50 has crossed MA200 on daily TF. DC20 on the daily was broken to the upside yesterday whilst rejecting MA50. On 1W TF price broke and retested MA50 and may be attempting to revisit next major resistance or 1W MA200 which are both quite aligned. SL TBD however if daily candle closes below MA50 and MA200 and DC20 - this will trigger SL. Thank you for your...
Resistance at around $7, but MACD signals suggest bullish trend. If price slips to $7.10 pattern should continue on an upward trend. I may be wrong however, since I do see some sell offs at the top of the daily candles the last 3 days.
OMI has a great reversal of the bottom and indications are that there is more to come. We keep this tock on the watchlist for continued strong volume and alerts are set for a MACD crossing the xzero line. AVERAGE ANALYSTS PRICE TARGET $4 AVERAGE RECOMMENDATION UNDERWEIGHT SHORT INTEREST 22% COMPANY PROFILE Owens & Minor, Inc. engages in provision of services...
I think a gap up is due and a new trend. Short term swing trade or swing long...Watching for breakout. Reversal here at Earnings time. What do you think? NYSE:OMI
this is the time that you need to monitor carefully