OMNICARE INC
(OCR-NYSE):
Technical Viewpoint: From a low
of $32.72 on Aug 27, 2003 prices
rallied, reaching a
high of $34.62
on Sep 3, 2003. A
decline saw prices pull back, reaching a
low of
$32.78 on Sep 19, 2003.
Another rally saw prices penetrate
resistance, closing 9/30/03
at $36.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 23, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.00. Resistance: Is at $36.29.
Point & Figure: Reversed to the upside on Sep 23, 2003. A P&F upside
reversal takes place at $34.50. Summary: Technical indicators have turned bullish. BUY! OMNICARE INC
(OCR-NYSE) @ $36.38 Stop: Use a protective stop of $34.38.
OMNICARE INC is currently trading @ $36.06 plus $0.71 on Sep 30, 2003. Price Objective:
$46.00. Risk/Reward: $2.00 VS. $9.63. Today's Risk Reward Ratio: 5:1
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