Approaching Resistance: Oracle

New York, December 26th (TradersHuddle.com) - Shares of Oracle Corporation (NASDAQ:ORCL) are trading very close to calculated resistance at $34.35. The stock ended the trading session at just $33.61, which is near levels that make it difficult to buy or start a position.

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

Oracle's stock range is defined by its calculated support defined at $29.52 and by the resistance level at $34.35; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Oracle. However, as the stock pulls back towards $29.52 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $34.35 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,514.37 ▲65.12 (0.40%)
o S&P 500 1,879.55 ▲7.66 (0.41%)
o NASDAQ 4,161.46 0.00 (0.00%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,514.37 Trade time:4:30PM EDT Value change:▲65.12 (0.40%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,879.55 Trade time:4:30PM EDT Value change:▲7.66 (0.41%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,161.46 Trade time:5:15PM EDT Value change:0.00 (0.00%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.