ORACLE CORP
(ORCL-Nasdaq):
Technical Viewpoint: From a low
of $42.00 on Oct 21, 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 12/10/99
at $84 5/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 10, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $72.00. Resistance: Is at $88 1/2.
Point & Figure: Reversed to the upside on Dec 9, 1999. A P&F upside
reversal takes place at $81.00. Summary: Technical indicators have turned bullish. BUY! ORACLE CORP
(ORCL-Nasdaq) @ $84 7/8 Stop: Use a protective stop of $82 1/8.
ORACLE CORP is currently trading @ $84 5/8 plus $6.07 on Dec 10, 1999. Price Objective:
$104.00. Risk/Reward: $2 3/4 VS. $19 1/8. Today's Risk Reward Ratio: 7:1
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