Omega Flex bobbled around today only ended up 0.34% since yesterday. It looks like OFLX may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. In addition to being near an angled support line OFLX is near a weak support line. We'll see if it bounces off or heads lower. The Industrial Products company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.
If the price bounces off of the support and moves up it'll probably head up to the $31.5 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $27.99 where it may meet further support, hopefully it can consolidate around that point.
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial Products | 73 | 0.423288 | 1.94699 | -2.65479 | 8.09822 | 11.4678 | 31.0314 | 47.9178 | 23.3722 | 28.8559 | 36.9855 | -6176.44 | -13509.7 | 5.137 | 6.5068 | 3.4076 | 0.434521 |
| Industrials | 272 | 0.358676 | 1.52772 | 0.22511 | 7.21323 | 10.4643 | 25.1067 | 50.8603 | 20.1712 | 19.8825 | 24.3646 | -7015.08 | -13484.5 | 13.1434 | 13.3272 | 3.40861 | 0.390662 |