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Oracle Corp Set to Possibly Rebound After Yesterday's Selloff of 4.00%

By David Diaz

Oracle Corp (NYSE:ORCL) traded in a range yesterday that spanned from a low of $45.93 to a high of $47.02. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $47.97 on volume of 19.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Oracle Corp have traded between a low of $37.62 and a high of $53.99 and are now at $46.31, which is 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Keywords: rebounders oracle corp

Ticker(s): ORCL