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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: Finder who wrote (6792)4/6/1998 9:25:00 AM
From: WBendus  Read Replies (2) | Respond to of 19080
 
There has been significant technical damage in ORCL. It looks like the short term will take the stock to its 50 DMA around 27. The 200 DMA at 31.5 appears to be significant resistance. It is going to be a while before the stock gets to see $30 again. Furthermore, the banking sector, after today's announced merger of Citicorp and The Travelers, is going to steal momentum from technology stocks.

Wayde.