ORCL - Bullish MACD crossover
Sunday, August 26, 2007
Oracle shares were up nearly 3% on Friday closing just near $20 mark at $19.94. Technically speaking stock breakout the descending triangle formed since middle of July, with a big white candle. Bullish MACD also crossover on Friday giving more confidence for Investors start buying shares again. In addition for the fist this month stock closed above its 20 dma and 50 dma, a strong signal of strenght. So, keep ORCL in your watchlist for next week.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: ORCL
