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Friday, February 15, 2008

Oracle Corporation (ORCL) Technical Analysis

We'll analyze Oracle corporation (ORCL) for online market trading.
we'll work on weekly bar chart.
few points to notice:
1- the stock broke the support line on the week of 8/2/2008.
2- MA11 was broken down, a bearish signal, historically for this stock.
3- reached 62% retracement for the latest bullish move at 18.97$.


4- MACD bearish.

overall, the stock is bearish recommend hedging the current holdings by buying puts, or entering short, with target 16.5$.


That's all for today ... thanks for reading the post,
come back soon for more updates,
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enjoy your online market trading!!
have a nice day,

Shadi
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Google
 

We Moved!!!

Please check our new site : The stocks profit, for
Stock Search
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi