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Oracle Corp: 52-Week High Recently Eclipsed (ORCL)

By Amy Schwartz

Shares of Oracle Corp (NYSE:ORCL) traded today at $53.99, breaking its 52-week high. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 10.8 million shares.

Oracle Corp share prices have moved between a 52-week high of $53.99 and a 52-week low of $37.62 and are now trading 41% above that low price at $52.93 per share. The 200-day and 50-day moving averages have moved 0.03% lower and 0.58% higher over the past week, respectively.

Potential upside of 7.0% exists for Oracle Corp, based on a current level of $52.93 and analysts' average consensus price target of $56.63. Oracle Corp shares have support at the 50-day moving average (MA) of $39.93 and additional support at the 200-day MA of $38.06.

Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle's software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.

SmarTrend recommended that subscribers consider buying shares of Oracle Corp on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.82. Since that recommendation, shares of Oracle Corp have risen 3.5%. We continue to monitor ORCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows oracle corp

Ticker(s): ORCL