Error
  • JLIB_APPLICATION_ERROR_COMPONENT_NOT_LOADING
  • JLIB_APPLICATION_ERROR_COMPONENT_NOT_LOADING
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1

New York, July 11th (TradersHuddle.com) - Oracle Corporation (NASDAQ:ORCL) closed the trading day at $29.05, near its 50 day and 200 day moving averages set at $27.63 and $29.08 respectively. Oracle's price action placed the stock above the 50 day moving average but below its 200 day moving average, providing a nice trading setup with clear reference points.

Oracle Corporation (NASDAQ:ORCL) supplies software for enterprise information management. The Company offers databases and relational servers, application development, and enterprise business applications.

Oracle seems to be setting up for a tight range between the 50 day moving average as support and the 200 day moving average serving as resistance.

A tiered approach appears to be the best way to maximize possible movements in the stock, as traders could establish a small position in Oracle and wait for the stock to break out above the 200 day moving average at $29.08. Then they could add to the position as momentum builds with the breakout. On the other hand, if support being referenced at the 50 day moving average set at $27.63 breaks, it could signal further downside for Oracle in the horizon.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,240.14 ▲181.79 (1.13%)
o S&P 500 1,932.02 ▲18.17 (0.95%)
o NASDAQ 4,691.80 ▲55.69 (1.20%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,240.14 Trade time:12:56PM EDT Value change:▲181.79 (1.13%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,932.02 Trade time:12:56PM EDT Value change:▲18.17 (0.95%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,691.80 Trade time:12:56PM EDT Value change:▲55.69 (1.20%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.