Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Oracle's stock (ORCL) kept rising in the intraday levels, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels, tackling the current resistance of 79.37.
Therefore we expect more gains for the stock, targeting the resistance of 84.00, provided the resistance of 79.37 was breached.
Expected trend for today: Bullish