Obagi Medical Products(OMPI) is a specialty pharmaceutical company that develops, markets and sells, and is a provider of, topical aesthetic and therapeutic prescription-strength skin care systems and related products in the physician-dispensed market. This stock is trading up 6.7% at $14.73 in recent trading.
Today's Volume: 484,000
Average Volume: 127,794
Volume % Change: 754%
From a technical perspective, OMPI is soaring higher here with monster volume. This move has pushed OMPI into breakout territory since the stock is hitting a new three-year high and taking out its past overhead resistance at $14.28.
Traders should continue to look for long-biased trades as long as OMPI is trending above $14.28 with strong upside volume flows . I would consider any upside volume day that registers near or above 127,794 shares as bullish. If we continue to see that action, then OMPI could easily hit $17 to $20 in the near future. AsiaInfo-Linkage