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Oracle Crosses Above its 10-day MA (ORCL)

By James Quinn

Oracle (NASDAQ:ORCL) crossed over its 10-day moving average of $38.98 on a volume of 10.4 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 $39.64 per share. Over the past week, 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