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Obagi Medical (OMPI) - Wait for the break

|Includes: Obagi Medical Products, Inc. (OMPI)

OMPI - The stock is near the recent resistance level after forming a 'V" shape bounce on support. Look for a break above the 10.70 level to enter longs for a move to the 14.00 price target. If the stock should fail at this resistance level, look for the break down under the uptrend line to short it down to the 9.20 level. If the stock should near the 9.20 level (support level), this would be a good entry level for another bounce higher.