• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Owens & Minor After 12.64% Gain

By David Diaz

Owens & Minor (NYSE:OMI) traded in a range yesterday that spanned from a low of $6.79 to a high of $7.19. Yesterday, the shares gained 12.6%, which took the trading range above the 3-day high of $6.75 on volume of 500,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Owens & Minor share prices have been bracketed by a low of $2.43 and a high of $8.43 and are now at $7.13, 193% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Owens & Minor and will alert subscribers who have OMI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders owens & minor

Ticker(s): OMI