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Omnicell(OMCL - Get Report) is a provider of automated solutions for hospital medication and supply management. This stock is trading up 9.8% at $14.55 in recent trading.
Today's Volume: 436,000
Average Volume: 196,966
Volume % Change: 269%
>>r Tech Stocks to Trade (or Not)
From a technical perspective, OMCL is gapping up strong here back above its 50-day at $14.04 and its 200-day at $14.51 with above-average volume. This move is quickly pushing OMCL within range of triggering a near-term breakout trade. That trade will hit once OMCL manages to take out some near-term overhead resistance levels at $14.76 to $15.30 with high volume.
Traders should now look for long-biased trades in OMCL as long as it's trending above its 200-day at $14.51, and then once it sustains a move or close above those breakout levels with volume that hits near or above 196,966 shares. If that breakout triggers soon, then OMCL will set up to re-test or possibly take out its next major overhead resistance levels at $15.49 to $15.66. Any high-volume move above those levels will then set up OMCL to hit $16.50 to $17 in the near future.