OMCL rose on almost double its recent average daily volume on Friday. It has had a solid run in 2007 that took it above $30 in October, before a pullback that bottomed it just below $24 in Nov. 07. It bounced this week in a miserable market at its 50 dma at $26.18 Look for some resistance at $30 but if it can break above that level and knock out its 52 week and all time high of $31.12 it should see a nice breakout.
Sunday, January 20, 2008
OMCL
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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