ORACLE CORP
(ORCL-Nasdaq):
Technical Viewpoint: From a low
of $46 5/8 on Jan 28, 2000 prices
rallied, reaching a
high of $64 3/4
on Feb 11, 2000. A
decline saw prices pull back, reaching a
low of
$56.31 on Feb 22, 2000.
Another rally saw prices penetrate
resistance, closing 3/3/00
at $75.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 25, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $67 7/8. Resistance: Is at $76 1/2.
Point & Figure: Reversed to the upside on Mar 3, 2000. A P&F upside
reversal takes place at $70 1/2. Summary: Technical indicators have turned bullish. BUY! ORACLE CORP
(ORCL-Nasdaq) @ $75 1/4 Stop: Use a protective stop of $72 1/2.
ORACLE CORP is currently trading @ $75.00 plus $6 1/2 on Mar 3, 2000. Price Objective:
$93.00. Risk/Reward: $2 3/4 VS. $17 3/4. Today's Risk Reward Ratio: 6:1
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