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Oracle Corp Crosses Above its 10-day MA (ORCL)

By Amy Schwartz

Oracle Corp (NYSE:ORCL) shares have crossed bullishly above their 10-day moving average of $54.64 on a volume of 209K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Oracle Corp share prices have moved between a 52-week high of $60.45 and a 52-week low of $42.40 and are now trading 29% above that low price at $54.88 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

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