Omega Healthcare Investors, Inc. engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.
OHI has been in a selling trend for the last two quarters of 2021, and appears to be heading toward a price breakout of the current resistance.
Why? 3 Potential Indicators:
1) A bullish wedge is forming on the long-term daily chart.
2) RSI has crossed 50, is moving toward the upside
3) Candles in the last few days are trading above the Bollinger Bands, signaling price breakout to higher high and higher low in the coming weeks.
Entrance Strategy: When price breaks a current resistance level.
Exit Strategy: Take profits at new ATH or after 10% increase.
OHI has been in a selling trend for the last two quarters of 2021, and appears to be heading toward a price breakout of the current resistance.
Why? 3 Potential Indicators:
1) A bullish wedge is forming on the long-term daily chart.
2) RSI has crossed 50, is moving toward the upside
3) Candles in the last few days are trading above the Bollinger Bands, signaling price breakout to higher high and higher low in the coming weeks.
Entrance Strategy: When price breaks a current resistance level.
Exit Strategy: Take profits at new ATH or after 10% increase.