US Stock In Play: $OPY (Oppenheimer Holdings Inc)

10 Mar 2021

OPY closed the Tuesday session at $41.71 (+1.19%) with a Bearish Spinning Top signal. The overall cumulative gain for OPY since its breakout of a Bullish Flag pattern on 25th February stance at +13.88% in 9 days of trading session.

With OPY currently trading at its highest implied volatility (11.40/DAY) in 11 months, a near term correction within its volatility range above $38 price support region will maintain its potential trajectory towards recapturing its all time high at $56.94 (est 2007). The first immediate resistance for OPY is at $48.

OPY through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia.