Focus Stocks

Is Oracle Ready for a Break Out?

New York, July 11th ( - 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:

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,076.14 ▲25.39 (0.15%)
o S&P 500 2,014.73 ▲1.30 (0.06%)
o NASDAQ 4,828.31 ▲17.52 (0.36%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,076.14 Trade time:11:58AM EDT Value change:▲25.39 (0.15%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,014.73 Trade time:11:58AM EDT Value change:▲1.30 (0.06%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,828.31 Trade time:11:58AM EDT Value change:▲17.52 (0.36%)
Copyright © 2013 All Rights Reserved.