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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (69260)11/3/1999 10:43:00 AM
From: Teresa Lo  Read Replies (2) | Respond to of 120523
 
ORCL: Some thoughts on recent price action -

ORCL gaps up this morning. Very narrow trading range.

intelligentspeculator.com

Given that ORCL has been moving up for the last three days on decreasing volume, it is very possible that this last gap up is an exhaustion gap.

On the 65-minute chart, we can see that the ADX is nearing 60. Many times, we see climaxes in the 60-70 zone for stocks.

intelligentspeculator.com