Oracle Crosses Below its 10-day MA (ORCL)
Oracle (NASDAQ:ORCL) shares have crossed bearishly below their 10-day moving average of $40.61 on a volume of 12.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $39.62 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.
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