Swingman39
Short

ORCL Needs to Pull Back

NYSE:ORCL   ORACLE CORP
In less than 1 month, Oracle has ripped 14% higher with no pull backs in the last 7 trading days. This has reached the prior highs and is due to retrace back down to $48-47.50 at least. This was beaten down for no real reason, but this needs to pull back and find support before it's next leg up.

Heavy on 7/27 $48 puts for a high risk, quick swing trade
Comment: sold my puts early morning yesterday on the initial pull backs. Reinitiated late in the day and added more this afternoon when it retested the highs of 48.80.

Thesis still stands, this needs to pull back and recharge before marching back above $50

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out