IMF_Trading

$OMI Quick Scalp

Long
NYSE:OMI   Owens & Minor, Inc
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4
$OMI

May investors liked the price in the small range higher from where it currently is.
Looks like there is an opportunity to be able to scalp a quick 3-5% on the stock if it is able to move over 7.75 (.5 FIB)
Stock appears to be slower moving than the rest of the market.
Would use a hard stop loss of 6.90.
MACD and SMI both are sending bullish signals. It does appear that the 3 past price spikes get sold off pretty quick so be quick when you see profit.