Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.80

-5.6%

Nov 21 9:30 AM EST

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From: antman2182	8/1/2002 11:44:44 PM
	Read Replies (1) of 19079

Oracle (ORCL) 9.69 -0.32: The software giant has spent much of the session vacillating at firmly lower levels with the warning and cautious commentary from ADBE (said seeing weakness across their entire product line) weighing on the software sector. Considering that ORCL has rallied over 20% off of its July low, the extent of the slide has been well contained thus far. Interesting from a chart perspective is the fact that ORCL has struggled this week and on a number of other occasions over the last three months with the upper end of its trading range (also Sep 01 lows green line). The one short lived Mid-July break was stymied by its 100 day sma (black line) and 20 wk ema (not shown) which also currently happen to come into play near the range top. On a short term basis, sustained upside follow through beyond the 9.80/9.87 area is needed to help improve the weaker bias. On a longer term basis the well defined range top resistance should be monitored as a way to play the issue in terms of range failures or as a breakout.

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