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Next Resistance Level for Oracle (ORCL) is $45.48

By Shiri Gupta

Shares of Oracle (NASDAQ:ORCL) opened today above their pivot of $44.91 and have already reached the first level of resistance at $45.28. Investors may be interested in a cross of the next upside pivot targets of $45.48 and $46.05.

Based on a current price of $45.32, Oracle is currently 0.5% above its average consensus analyst price target of $45.11. The stock should find initial support at its 50-day moving average (MA) of $39.93 and further support at its 200-day MA of $38.06.

Oracle share prices have moved between a 52-week high of $46.99 and a 52-week low of $33.13 and are now trading 37% above that low price at $45.32 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 recommended that subscribers consider buying shares of Oracle on November 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.98. Since that recommendation, shares of Oracle have risen 12.8%. We continue to monitor ORCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Oracle

Ticker(s): ORCL