Long Position on OME @ $14.45 on 11/11/2014 (Momentum)

Bullish Cup & Handle on OMEOmega Protein Corporation (OME) is a nutritional ingredient company.

The firm produces Omega-3 fish oil and specialty fish meal products. The company operates in two segments, Animal Nutrition and Human Nutrition.

The Animal Nutrition segment produces animal nutrition products, including fish meal products used as nutritional feed additives by animal feed manufacturers and commercial livestock producers; and crude fish oil for food producers and feed manufacturers. This segment also provides refined fish oil products that are used in food production, feed production, other industrial applications, and dietary supplements; and fish solubles for livestock and aquaculture feed manufacturers, as well as for use as an organic fertilizer.

The Human Nutrition segment offers various compound products, including Omega-3 fish oils; and operates as an ingredient provider in the nutraceutical industry. The company sells its products in the United States, Mexico, Europe, Canada, Asia, South and Central America, and others.

The firm is scheduled to report its quarterly results on November 17th. Ahead of that, shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

 

Be Sure to Use a Limit Order, as this is a low volume stock! 

 

52-Week Trading Range: $9.70 - $15.92

Entry Point: $14.45

Stop Loss: $13.72

Target Price: $15.90

Updates

11/18/2014 9:58:01 AM

OME fell below our stop loss following its quarterly report. Closed at $12.73.

Position closed on 11/18/2014 at price of $12.73 with a -11.90% loss in 7 days.

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