BUY! OMNICARE INC (OCR) NYSE

  Report No. 1792    Analysis by: Harry Aloof     JULY 1, 2003

OMNICARE INC (OCR-NYSE): Technical Viewpoint: From a low of $26.05 on Jun 4, 2003 prices rallied, reaching a high of $34.02 on Jun 19, 2003. A decline saw prices pull back, reaching a low of $31.88 on Jun 24, 2003. Another rally saw prices penetrate resistance, closing 6/30/03 at $33.79. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 9, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $33.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 26, 2003. A P&F upside reversal takes place at $32.50. Summary: Technical indicators have turned bullish. BUY! OMNICARE INC (OCR-NYSE) @ $34.38 Stop: Use a protective stop of $32.38. OMNICARE INC is currently trading @ $33.79 plus $0.97 on Jun 30, 2003. Price Objective: $45.00. Risk/Reward: $2.00 VS. $10.63. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$45.00 Risk/Reward:
$2.00 VS. $10.63 Risk/Reward Ratio:
5:1
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