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Next Support Level for Oracle Corp (ORCL) is $52.42

By Shiri Gupta

Shares of Oracle Corp (NYSE:ORCL) opened today below their pivot of $55.36 and have already reached the first level of support at $54.38. Analysts will be watching for a cross of the next downside pivot targets of $52.42 and $49.48.

Oracle Corp has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $56.87. Oracle Corp shares should first meet resistance at the 200-day moving average (MA) of $52.50 and find additional resistance at the 50-day MA of $55.71.

Oracle Corp share prices have moved between a 52-week high of $60.45 and the current low of $0.00 and are currently at $0.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend is monitoring the recent change of momentum in Oracle Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oracle Corp in search of a potential trend change.

Keywords: pivot alerts oracle corp

Ticker(s): ORCL