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Watch for Shares of Oracle Corp (ORCL) to Approach Resistance at $96.75

Oct 11, 2021 (SmarTrend(R) News Watch via COMTEX) --
Oracle Corp (NYSE:ORCL) has opened bullishly above the pivot of $93.84 today and has reached the first level of resistance at $95.57. Investors may be interested in a cross of the next upside pivot targets of $96.75 and $99.66.

In the past 52 weeks, Oracle Corp share prices have been bracketed by a low of $39.71 and a high of $96.80 and are now at $95.82, 141% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.9%.

Oracle Corp (NYSE:ORCL) is currently priced 40.6% above its average consensus analyst price target of $56.87. Oracle Corp shares have support at the 50-day moving average (MA) of $89.34 and additional support at the 200-day MA of $77.35.

SmarTrend recommended that subscribers consider buying shares of Oracle Corp on July 7th, 2021 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.07. Since that recommendation, shares of Oracle Corp have risen 11.0%. We continue to monitor ORCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

comtex tracking

COMTEX_394949819/2476/2021-10-11T10:32:27

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