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Oracle Corp (ORCL) Crosses Pivot Point Resistance at $49.67

By Amy Schwartz

Shares of Oracle Corp (NYSE:ORCL) opened today above their pivot of $49.14 and have already reached the first level of resistance at $49.67. Analysts will be watching for a cross of the next upside pivot targets of $49.99 and $50.84.

Potential upside of 15.1% exists for Oracle Corp, based on a current level of $49.40 and analysts' average consensus price target of $56.87. Oracle Corp shares have support at the 50-day moving average (MA) of $48.20 and additional support at the 200-day MA of $48.01.

Oracle Corp share prices have moved between a 52-week high of $53.99 and a 52-week low of $37.62 and are now trading 31% above that low price at $49.40 per share. The 200-day and 50-day moving averages have moved 0.01% higher and 0.60% higher over the past week, respectively.

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: pivot alerts oracle corp

Ticker(s): ORCL