Omnicell is testing support this afternoon around the $81.50-$81.70. This has been a fairly high-volume level this week, so it should provide fairly solid support.
Without catalysts in either direction, Omnicell may trade for a while in a range between the $81.50-$81.70 support level and $83.70-$84.00 resistance level. The healthcare sector as a whole appears range-bound at the moment.
A downturn in technology stocks on tariff fears could be good for domestic healthcare stocks as a defensive play. Watch for that possibility next week.
Without catalysts in either direction, Omnicell may trade for a while in a range between the $81.50-$81.70 support level and $83.70-$84.00 resistance level. The healthcare sector as a whole appears range-bound at the moment.
A downturn in technology stocks on tariff fears could be good for domestic healthcare stocks as a defensive play. Watch for that possibility next week.
Comment:
Omnicell pushed through support and closed back inside the triangle.
Comment:
I took some profit at 86.62, because I think we may pull back to resistance at $86.17. Likely all-time highs ahead, however.
