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Watch for Oracle Corp to Potentially Rebound After Falling 2.72% Yesterday

By Shiri Gupta

Oracle Corp (NYSE:ORCL) traded in a range yesterday that spanned from a low of $52.40 to a high of $53.27. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $53.00 on volume of 3.6 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 $42.40 and a high of $60.45 and are now at $52.40, which is 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Keywords: rebounders oracle corp

Ticker(s): ORCL