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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2.00 VS. $10.63
Risk/Reward Ratio:
5:1
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