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After Yesterday's Decline of 1.21%, Oracle Corp Offers Investors Better Value

By Nick Russo

Oracle Corp (NYSE:ORCL) traded in a range yesterday that spanned from a low of $51.73 to a high of $52.49. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $52.77 on volume of 3.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Oracle Corp have traded between a low of $37.62 and a high of $57.06 and are now at $51.54, which is 37% 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.

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: rebounders oracle corp

Ticker(s): ORCL