Oracle Chart Foretells Continued Downside Pressure

Oracle Corp. (Nasdaq: ORCL) peaked well before the NDX in general (1/16), and has been stair-stepping to the downside from 19.75 to the 17 area (-14%), and still shows no signs of an impending upside pivot reversal. If anything, ORCL looks like it could accelerate to the downside for a full-fledged test of is rising 200 DMA, now at 16.33.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!