• Return to Headlines

Bearish Moving Average Cross by Oracle Corp (ORCL)

By Shiri Gupta

Oracle Corp (NYSE:ORCL) shares have crossed bearishly below their 10-day moving average of $47.67 on a volume of 11.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Oracle Corp share prices have been bracketed by a low of $37.62 and a high of $53.99 and are now at $46.42, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Oracle Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oracle Corp in search of a potential trend change.

Keywords: moving crosses oracle corp

Ticker(s): ORCL