Owens & Minor, Inc. : A threshold has been crossed
March 10, 2015 at 10:36 am
By
Entry price | Target | Stop-loss | Potential |
---|
US$33.85 |
US$0 |
US$34.2 |
+100% |
---|
Owens & Minor has a great potential for a sharp drop.
Fundamentally, EPS estimates consensus has been downwardly revised. The net income has plummeted from 110 to USD 66 millions.
Technically, the share is very volatile. After evolving in a tunnel, the stock has snapped the USD 33.78 long term resistance. That is a great bearish signal. In this direction, the next technical threshold is a long term support set at USD 31.72. This will be our first target. A stop loss could be set at USD 34.20.
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