ORACLE CORP
(ORCL-Nasdaq):
Technical Viewpoint: From a low
of $57.44 on Nov 10, 1999 prices
rallied, reaching a
high of $78.19
on Nov 19, 1999. A
decline saw prices pull back, reaching a
low of
$67.22 on Nov 30, 1999.
Another rally saw prices penetrate
resistance, closing 12/2/99
at $75.94. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 2, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $68.00. Resistance: Is at $78.00.
Point & Figure: Reversed to the upside on Dec 2, 1999. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! ORACLE CORP
(ORCL-Nasdaq) @ $76 1/8 Stop: Use a protective stop of $73 1/4.
ORACLE CORP is currently trading @ $75.94 plus $5 1/4 on Dec 2, 1999. Price Objective:
$87.00. Risk/Reward: $2 7/8 VS. $10 7/8. Today's Risk Reward Ratio: 4:1
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