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Oracle Corp Set to Possibly Rebound After Yesterday's Selloff of 1.21%

By Shiri Gupta

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.

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.

Oracle Corp share prices have moved between a 52-week high of $57.06 and a 52-week low of $37.62 and are now trading 37% above that low price at $51.54 per share. The 200-day and 50-day moving averages have moved 0.13% lower and 0.44% higher over the past week, respectively.

Keywords: rebounders oracle corp

Ticker(s): ORCL