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Oracle Corp (ORCL) Approaches New Downside Target of $50.11

By Nick Russo

Shares of Oracle Corp (NASDAQ:ORCL) opened today below their pivot of $50.49 and have already reached the first level of support at $50.34. Analysts will be watching for a cross of the next downside pivot targets of $50.11 and $49.73.

There is potential upside of 0.0% for shares of Oracle Corp based on a current price of $0.00 and an average consensus analyst price target of $56.19. The stock should find initial resistance at its 200-day moving average (MA) of $38.06 and further resistance at its 50-day MA of $39.93.

Over the past year, Oracle Corphas traded in a range of $0.00 to $51.85 and are now at $0.00. 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 Corp 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 Corp have risen 26.5%. We continue to monitor ORCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts oracle corp

Ticker(s): ORCL