From the company's website:
Omnicell is recognized as a leading provider of comprehensive, technologically advanced automation that enables health care facilities to acquire, manage, dispense, and deliver medications and supplies more effectively. Omnicell automation is used from the point of entry into the hospital through the central pharmacy, nursing units, operating room, procedural areas, and patient bedsides – as well as in long-term care sites.
Omnicell had just announced earnings that beat expectations, although a slight decline in margins was listed as a concern. But it was Omnicell's track record of stock gains that led me to the trade setup.
In the newsletter, I detailed:
One more trade setup for this week. Omnicell Inc. (OMCL) has a very strong seasonal pattern. Over the next 10 weeks OMCL has gained an average of 18%. There has been only one loss in the past 14 years and many double-digit gains.
Yes. OMCL broke above resistance last week, and the position is currently up 2.2%.
But the volume pattern, along with a couple of other indicators, is showing likely strong institutional participation, i.e., accumulation, in this stock. That's why, in this morning's newsletter, I covered an add-on trade for OMCL.
There was a similar trade setup I covered in the 5/25/2016 newsletter. I detailed an add-on trade to that position as well this morning. The other long stock positions in the portfolio? One is down 3.5%, but the others are showing gains of 5.2%, 4%, 15%, 39%, and 3.5% – all trades entered since February, and most of them were entered due to seasonal pattern analysis.
Seasonal analysis is a consistent strategy for high probability trade identification that typically produces consistent profits with low drawdowns.
Of course, there's much more you need to know and many more stocks you can capitalize upon each and every day. To find out more, please click on the following link: www.markettamer.com/seasonal
Copyright (C) 2015 Stock & Options Training LLC
Unless indicated otherwise, at the time of this writing, the author has no positions in any of the above-mentioned securities.
Gregg Harris is the Chief Technical Strategist at MarketTamer.com.
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