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Owens & Minor Crosses Below its 10-day MA (OMI)

By Nick Russo

Today, shares of Owens & Minor (NYSE:OMI) have crossed bearishly below their 10-day moving average of $17.62 on a volume of 336K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Owens & Minor share prices have moved between a 52-week high of $29.85 and a 52-week low of $14.07 and are now trading 21% above that low price at $16.97 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Owens & Minor on August 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.94. Since that recommendation, shares of Owens & Minor have risen 6.3%. We continue to monitor OMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses owens & minor

Ticker(s): OMI