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 7/9/03
at $35.44. 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 $33.50. Resistance: Is at $36.19.
Point & Figure: Reversed to the upside on Jun 30, 2003. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! OMNICARE INC
(OCR-NYSE) @ $35.63 Stop: Use a protective stop of $33.63.
OMNICARE INC is currently trading @ $35.44 plus $1.37 on Jul 9, 2003. Price Objective:
$47.00. Risk/Reward: $2.00 VS. $11.38. Today's Risk Reward Ratio: 6:1
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