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Oracle Crosses Above its 10-day MA (ORCL)

By Nick Russo

Today, shares of Oracle (NASDAQ:ORCL) have advanced above their 10-day MA of $39.54 on a volume of 2.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Oracle share prices have moved between a 52-week high of $45.33 and a 52-week low of $33.13 and are now trading 20% above that low price at $39.87 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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

Keywords: moving crosses Oracle

Ticker(s): ORCL