Om Group Inc (OMG)NYSE
  Report No. 588    Analysis by: Harry Aloof     SEPTEMBER 1, 2008

OM GROUP INC (OMG-NYSE): Technical Viewpoint: From a low of $28.86 on Aug 5, 2008 prices rallied, reaching a high of $35.59 on Aug 7, 2008. A decline saw prices pull back, reaching a low of $29.62 on Aug 19, 2008. Another rally saw prices penetrate resistance line "A", closing 8/29/08 at $37.10. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 21, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $30.00. Resistance: Is at $37.84. Point & Figure: Reversed to the upside on Aug 22, 2008. A P&F downside reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! Om Group Inc (OMG-NYSE) @ $37.75 Stop: Use a protective stop of $35.75. Om Group Inc is currently trading @ $37.10 plus $2.08 on Aug 29, 2008. Price Objective: $48.00. Risk/Reward: $2.00 VS. $10.25. Today's Risk Reward Ratio: 5:1
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $10.25
Risk/Reward Ratio:
5:1

 

 

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