Omni Energy Services Corp (fka OMNI)

[Call Stocks To Arms]

THE GURU'S CORNER Column (8/1/06)
by Harry Boxer, The Technical Trader

OMNI Energy Services
OMNI has been in a strong uptrend since its January 2005 lows just over 1, having reached recently as high as 12.5. Backing off in a bullish flag, the stock recently surged back up and moved out.
It appears the current strong intermediate uptrend remains intact, and if the stock can make further progress, trading targets once 12.60 is taken out would be in the 15 area, followed by 18.5 and then 25 short-, intermediate and long-term. Chart support remains at the recent pullback lows around 9.40, with the 40-day moving average around the 9.90 area.