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After Yesterday's Rally of 1.72% Shares Could Potentially Pullback

By Nick Russo

Oracle Corp (NYSE:ORCL) traded in a range yesterday that spanned from a low of $46.39 to a high of $46.85. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $46.53 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Oracle Corp share prices have been bracketed by a low of $37.62 and a high of $53.99 and are now at $46.83, 24% above that low price. 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 Corp and will alert subscribers who have ORCL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders oracle corp

Ticker(s): ORCL