Odyssey Marine Exploration (OMEX) - Overbought - views

Odyssey Marine Exploration has hit a technical signal on 3 different technical indicators. OMEX is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $3.46 on 1/26/12.

There is currently one analyst covering the company with a Buy recommendation. The current consensus estimate for quarterly earnings is per share. Last quarter the company earned $0.05 per share. The analyst covering the company is forecasting earnings of per share. The consensus estimate for next years' earnings is per share, which represents forecast growth of 0.0%.

Over the last 52 weeks, the stock has been trading between $1.80 and $4.43. More recently in the last 4 weeks, the stock has been trading between $2.47 and $3.61. Yesterday the stock traded between $3.40 and $3.61. The stock currently has a PE ratio of 0.0.

Odyssey Marine Exploration is trading 15.4% from its 20-day simple moving average (SMA) of $3.00 and 30.1% from its 50-day SMA and 17.00% from its 200-day SMA. Average daily volume over the last 30 days has been 489,716 shares.

At yesterdays close: the RSI was at 80.0, the CCI was at 177.4 and the Fast Stochastic was at 81.3. OMEX closed yesterday at $3.46, on volume of 741,000 shares as compared to an average volume of 489,716 over the last 4 weeks.

Odyssey Marine Exploration, Inc. engages in the exploration and recovery of deep-ocean shipwrecks worldwide. The company sells coins, artifacts, and merchandise, as well as leases its themed attraction exhibit and expedition charters. It sells coins and artifacts through dealers. The company was founded in 1986 and is headquartered in Tampa, Florida.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.