After Yesterday's Rally of 1.16% Shares Could Potentially Pullback
Oracle (NASDAQ:ORCL) traded in a range yesterday that spanned from a low of $40.09 to a high of $40.79. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $40.75 on volume of 5.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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.
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 23% above that low price at $40.69 per share. The 200-day and 50-day moving averages have moved 0.03% lower and 0.58% higher over the past week, respectively.
Keywords: rebounders Oracle