OMCL: Bearish Pendent A break below 38.95 should see price continue to the downside
Short Sell
Enter Price 38.95
Place Stop 40.78
Price target 36.86
Risk/Reward 1.1
OMCL trade ideas
OMCL showing signs of moving higher with a pocket pivot?* Great earnings
* Strong up trend
* Very high 3-month relative strength in the Healthcare sector of 10.44
* Trading at higher than average volume creating a pocket pivot
* Trading in a tight range of ~5% range
* Little to no overhead resistance
* Has held up incredibly well during this correction with little to no downside at all.
Trade Idea:
* You can enter as indicated before the breakout from the range.
* This entry will net you a better risk/reward ratio but with the risk of not breaking out just yet.
* If you want to be conservative given the current market conditions, it may be better to wait for the breakout (a daily close) above $182.73 before entering.
Note/Caution:
* This is a pocket pivot entry and although it has little to no resistance, it may not break out immediately.
* Pocket pivots indicate institutional interest in the stock.
OMCL 102020 Swing idea Prices broke´s up 78,20 resistance last two weeks, after that OMCL is having a rotaion above this level, for that reason, if we get to this level again i am going to look for longs
Omnicell hesitating but still in upward trend channelOmnicell has failed a couple attempts to break upward out of of the triangle pattern it's been in. But it's still well within its upward trend channel, so until it breaks that channel, I'm still fairly bullish on the stock. Omnicell has good analyst ratings and an earnings date coming up July 25.
However, the stock may fall to the $79 resistance level, so wait for that entry point to buy, and then watch closely to make sure it doesn't break downward out of the channel. We should know by July 20 whether the channel will hold, so this is a medium-term trade. Until then, look for Omnicell to trade in a range between $79 and $84.
Omnicell testing supportOmnicell is testing support this afternoon around the $81.50-$81.70. This has been a fairly high-volume level this week, so it should provide fairly solid support.
Without catalysts in either direction, Omnicell may trade for a while in a range between the $81.50-$81.70 support level and $83.70-$84.00 resistance level. The healthcare sector as a whole appears range-bound at the moment.
A downturn in technology stocks on tariff fears could be good for domestic healthcare stocks as a defensive play. Watch for that possibility next week.
Omnicell bottom triangle patternOmnicell is trying for the second time in recent history to make a bullish bottom triangle chart pattern. Most analysts are bullish on the stock, and it's spent most of its recent trading history on the upper side of the triangle. This morning the stock was repulsed by resistance at its May 6 close of 83.79. However, it may try again. Look for a close above that level to confirm the trend.
Long Entry in OMCL following base breakout!I have an order to buy long $OMCL at $75.10 following a VCP style base breakout. Initially looking for 2:1 risk-reward.
