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SmarTrend Detects Continued Buying Pressure in Shares of Omnicare (OCR)

Written on Sun, 03/14/2010 - 12:13pm
By Chip Brian

SmarTrend identified an Uptrend for Omnicare (NYSE:OCR) on December 29, 2009 at $24.50. In approximately 2 months, Omnicare has returned 15.7% as of today's recent price of $28.35.
Omnicare is currently above its 50-day moving average of $25.49 and above its 200-day moving average of $24.28. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Omnicare shares.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): OCR

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