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ORACLE CORPORATION
(ORCL-Nasdaq):
Technical Viewpoint: From a low
of $21 1/2 on Nov 30, 2000 prices
rallied, reaching a
high of $32 1/2
on Dec 12, 2000. A
decline saw prices pull back, reaching a
low of
$27 1/4 on Dec 14, 2000.
Another rally saw prices penetrate
resistance, closing 12/18/00
at $32.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 18, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $28 3/4. Resistance: Is at $36 5/8.
Point & Figure: Reversed to the upside on Dec 18, 2000. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! ORACLE CORPORATION
(ORCL-Nasdaq) @ $32 1/2 Stop: Use a protective stop of $30 1/8.
ORACLE CORPORATION is currently trading @ $32.00 plus $3.44 on Dec 18, 2000. Price Objective:
$48 3/4. Risk/Reward: $2 3/8 VS. $16 1/4. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48 3/4
Risk/Reward:
$2 3/8 VS. $16 1/4
Risk/Reward Ratio:
7:1
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