ORACLE CORP
(ORCL-Nasdaq):
Technical Viewpoint: From a low
of $56.31 on Feb 22, 2000 prices
rallied, reaching a
high of $85.00
on Mar 9, 2000. A
decline saw prices pull back, reaching a
low of
$76.00 on Mar 21, 2000.
Another rally saw prices penetrate
resistance, closing 3/22/00
at $84.06. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Mar 22, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $76 1/2. Resistance: Is at $85.00.
Point & Figure: Reversed to the upside on Mar 22, 2000. A P&F upside
reversal takes place at $79 1/2. Summary: Technical indicators have turned bullish. BUY! ORACLE CORP
(ORCL-Nasdaq) @ $84 1/2 Stop: Use a protective stop of $81 5/8.
ORACLE CORP is currently trading @ $84.06 plus $3 3/8 on Mar 22, 2000. Price Objective:
$99.00. Risk/Reward: $2 7/8 VS. $14 1/2. Today's Risk Reward Ratio: 5:1
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