The PEAD projected a Bullish outlook for $OMC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
Hey people, OMNICOM GROUP is in a bullish movement with indecision candle and abnormal volume executed. TheTIMEFRAME M1 makes us observed a hammer candle which bounces on the VWAP with a huge volume of purchases made. There is a good chance to test the comfort zone then the breakout and land in another and go towards the last one above (See MULTI TIMEFRAME). With...
OMC has an annual earnings per share of 6.08 giving it a P/E ratio under 10 (9.1). They payout 42% of their earnings through dividends(4.7% yield) and another 40% through buybacks. It’s long term annual growth is expected to grow 2.5% or 5.5% when including buybacks. Last recession their eps went down to a low of 22% of which completely recovered after 2 years....
What I see...
+ 10ma is crossing above 50ma
+ Hammer with long shadow finding support on the MA cross
+ This setup is a risky reversal gamble!!
+ MACD is above signal line, but still in bearish territory
+ Bearish engulf bar was at normal vol. while the bars prior and after are of high volume
- Bearish engulfing on -2d
- Down trend
- Bollinger is wide
- RSI is...
Omnicom Group Inc (OMC - US) is in WXY pattern. X wave is completed as complex wave. Y wave down is in progress now. Sell after some pull back with X wave high as stops.
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Neutral pattern until decisive close outside pattern. SP is near bottom upward monthly trendline. May be a good buying opportunity for a decent long term dividend paying stock with divi growth of 9 years.
CPB
EQT
OMG
All these three have good trading volume , very tight bid-ask spread and higher-than-normal realized volatility .
These three have also in common good bullish expectations, technically speaking.
Bottom line is: sell calls on these three.
Trade responsibly
I will be looking to play another earnings squeeze on omc market open tuesday, earnings report pre market. earnings squeeze example below from apog which i traded last week very similar setup
Omnicom Group, Inc. is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific. The company was founded by Maxwell Dane in 1944 and is headquartered in New York, NY.
NYSE
