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Oracle Corp (ORCL) Crosses Pivot Point Support at $48.20

By Nick Russo

Shares of Oracle Corp (NYSE:ORCL) opened today below their pivot of $48.40 and have already reached the first level of support at $48.20. Analysts will be watching for a cross of the next downside pivot targets of $47.96 and $47.52.

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 $56.87. Oracle Corp shares should first meet resistance at the 50-day moving average (MA) of $46.41 and find additional resistance at the 200-day MA of $48.66.

Over the past year, Oracle Corphas traded in a range of $0.00 to $53.99 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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