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ORACLE CORP
(ORCL-Nasdaq):
Technical Viewpoint: From a low
of $40.00 on Sep 15, 1999 prices
rallied, reaching a
high of $48 1/8
on Oct 13, 1999. A
decline saw prices pull back, reaching a
low of
$42.00 on Oct 21, 1999.
Another rally saw prices penetrate
resistance, closing 11/1/99
at $51 3/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Nov 1, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 1, 1999. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! ORACLE CORP
(ORCL-Nasdaq) @ $52 1/2 Stop: Use a protective stop of $49 5/8.
ORACLE CORP is currently trading @ $51 3/8 plus $3.82 on Nov 1, 1999. Price Objective:
$62 1/2. Risk/Reward: $2 7/8 VS. $10.00. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$62 1/2
Risk/Reward:
$2 7/8 VS. $10.00
Risk/Reward Ratio:
3:1
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