Approaching Resistance: Oracle

New York, December 26th ( - 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:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,871.98 ▼1.24 (-0.01%)
o S&P 500 2,102.87 ▲3.81 (0.18%)
o NASDAQ 4,950.14 ▲16.63 (0.34%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,871.98 Trade time:10:08AM EDT Value change:▼1.24 (-0.01%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,102.87 Trade time:10:08AM EDT Value change:▲3.81 (0.18%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,950.14 Trade time:10:08AM EDT Value change:▲16.63 (0.34%)

In The Wires

Copyright © 2013 All Rights Reserved.