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Oracle Shares Pulling Back
2014-12-13 21:53:39| Telecom - Topix.net
Oracle Corporation shares rose nearly 20 percent off the October lows before topping out short-term at $42.81 on November 28. The pullback in prices since the peak was made has retraced almost a perfect 38.2 percent on the daily chart. So, is the floor for this down move in Oracle in place? Or is there more pain to be felt by the bulls? Do the fundamentals act as a headwind or tailwind in the case of Oracle? Let's take a look.
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Category:Telecommunications