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Oracle Corp Bearish Moving Average Crossover Alert (ORCL)

By Shiri Gupta

Today, shares of Oracle Corp (NYSE:ORCL) have crossed bearishly below their 10-day moving average of $55.59 on a volume of 944K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Oracle Corp has traded in a range of $42.40 to $60.45 and is now at $55.15, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Oracle Corp and will alert subscribers who have ORCL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses oracle corp

Ticker(s): ORCL