[May 21, 2013] Watch for Shares of Oracle (ORCL) to Approach Resistance at $35.30 Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Oracle (NASDAQ:ORCL) have bullishly opened above the pivot of $34.83 today and have reached the first resistance level of $35.10. Analysts will be watching for a cross of the next upside pivot targets of $35.30 and $35.77. Oracle has overhead space with shares priced $35.01, or 7.0% below the average consensus analyst price target of $37.64. The stock should discover initial support at its 50-day moving average (MA) of $33.42 and subsequent support at its 200-day MA of $32.84. Oracle share prices have moved between a 52-week high of $36.50 and a 52-week low of $24.72 and are now trading 42% above that low price at $35.01 per share. The 200-day and 50-day moving averages have moved 0.19% higher and 0.19% lower over the past week, respectively. SmarTrend is monitoring the recent change of momentum in Oracle. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oracle in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]