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Downtrend Call Working As Owens & Minor Stock Falls 53.2% (OMI)

By Nick Russo

SmarTrend identified a Downtrend for Owens & Minor (NYSE:OMI) on October 22nd, 2018 at $14.87. In approximately 2 months, Owens & Minor has returned 53.18% as of today's recent price of $6.96.

In the past 52 weeks, Owens & Minor share prices have been bracketed by a low of $6.75 and a high of $22.91 and are now at $6.88, 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 6.2%.

Owens & Minor, Inc. distributes medical and surgical supplies throughout the United States. The Company's customers include hospitals, integrated healthcare systems, and group purchasing organizations. Owens & Minor also provides services in supply chain management, logistics, and technology.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Owens & Minor.

Log in and add Owens & Minor (OMI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights owens & minor

Ticker(s): OMI