Volume has been steadily increasing over the last 3 trading sessions while the price remained relatively stable indicating a break-out could occur soon.
Relative Strength Index (RSI)
The RSI(14) for OMVE is 52.32 which indicates the stock is in a healthy, slightly bullish trend.
RSI is generally considered overbought when above 70 and oversold when below 30.
Even when you adjust to RSI(5), OMVE is still under 70 at 63.37.
OMVE crossed the 70 mark twice, when it rallied to 32 cents and 40 cents in November, 2011.
Moving Average Convergence Divergence (MACD)
The MACD for OMVE currently indicates a strong bullish signal for two reasons:
First, it’s above the signal line, a 9-minute moving average.
Second, it’s above 0 which implies that the underlying moving averages are trending higher.
%D, which is the 3-Day SMA of %K, is showing signs of a bull set-up.
Even though the OMVE could not exceed 10.51 cents, the higher high in the Stochastic Oscillator shows strengthening upside momentum.
Other Short Term Indicators
7 Day Average Directional Indicator: Strengthening
10-8 Day Moving Average Hilo Channel: Strengthening
20 Day Moving Average vs Price: Strengthening
50 Day Moving Average vs Price: Strengthening
50 Day Parabolic Time/Price: Strengthening
Omni Ventures, Inc. (OTC Pink: OMVE) is a holding, brand development and management company offering consumer products and services in high-end casual apparel as well as couture items and accessories to the customers worldwide, through a network or retail department and specialty stores, wholesale and via the Internet.
In an effort to develop bonus worth for their shareholders, OMVE has been working on creation of the portfolio of brands, in which they may own substantial principal equity.
With that purpose, they partnered up with an established equity fund, acquired and are managing unique brands of premium denim and other casual apparel known as PRVCYPREMIUM and PRVCYWEAR, as well as working on the development of other casual couture brands and acquisitions of existing companies in fashion accessories and other consumer goods.
NOTE: OMVE is one the rare Pink Sheets Traded Companies that files timely with the Securities Exchange Commission which clearly indicates they are focused on moving upwards to higher exchanges similar to America Apparel which currently trades on the NYSE Amex.
Add OMVE to your watch list immediately and start your research here:
SEC: 10-Q filed for period ended December 31, 2011 (click here)
Barchart.com rating on OMVE (click here)
PRVCY Website: www.prvcypremium.com
OMVE Website: www.omve.net
Do a Google Image search on: PRVCY Jeans
Always do your own due diligence on the company, plan your trade and trade your plan.