Omniture, Inc. (OMTR) - A Concern to Note

Tags: OMTR
10 Jun 3:51am
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I was just going through the stock screener results for "Analyst most liked stocks" and came across an unexpected name - Omniture, Inc. (OMTR). I was following this stock earlier this year and had it in the back of my mind as an "underloved" name. That situation has changed completely.

In mid-January Omniture made the list of stocks that had a large number of "hold" or "sell" ratings. However, according to Zacks, 15 of 20 analysts (75 percent) now rank the stock with a "buy" rating.

A look to the chart below shows the shares are stuck between overhead resistance near 27 and support just below 20. The curious point here is that despite the dramatic shift among analysts, the stock hasn't been able to gain ground.

Said another way, we have optimism on a stock showing lackluster action. I think the recent lows will be important to watch.


Chart Courtesy of Thomson Financial


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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.