Maker of wide array of medical equipment seems to not have participated much in the Covid hype, my guess is it catches up. Why do I make such a bold claim?
8 months consolidation atop 200 day MA with 200 MA beginning to slope upward Upper trend of parallel channel now acting as support Shorter term wedge breakout has occurred (actually a little late to the party with stock up 11% today) RSI breakout appears to me to be set to occur upon break of longer term downward trend line, weekly chart shows 8 month RSI upside breakout imminent
Confident buy above $8, and especially if you see your other Covid PPE faves popping (APT, LAKE, etc) Of course the gap between $10 and $14 is something to consider.
Well done. Don't have much to qualify this, as studies are thrown up in the air, but I'm seeing resistance of 9.00.
Owens seems more than solid too. Be easy, I'm a neophyte on her first bright idea :)
ETrades1
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@Ablivious, Thanks a lot for the input. OMI pulled back on Friday right to the breakout level, so as long as the the upper line of the channel, and the descending line of the wedge (as I have drawn them) continue to act as support, then the breakout is in tact and higher prices should be expected. Good luck to you!
Owens seems more than solid too. Be easy, I'm a neophyte on her first bright idea :)