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After Yesterday's Rally of 1.14% Shares Could Potentially Pullback

By David Diaz

Omega Healthcare (NYSE:OHI) traded in a range yesterday that spanned from a low of $43.83 to a high of $44.33. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $43.78 on volume of 367,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Omega Healthcare and will alert subscribers who have OHI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Omega Healthcare have traded between a low of $34.64 and a high of $44.70 and are now at $43.94, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

Keywords: rebounders omega healthcare

Ticker(s): OHI