Oracle: the decline speeds up, short above 31%
Oracle drops 10.1%, the decline hits its 7-day low
Oracle: the decline speeds up, short above 31%
Our view last week
Oracle shares close the week flat, +0.3%, but sellers stay in control beneath the surface: barely 21.5% of last session's volume came in on the buy side, and the distribution phase is deepening. The sell signal, in its fourth week and already more than 23% in the money for the short, lost last week's spike - signal strength drops from 84 to 28 out of 100 - and slides to 50th among the 137 US sell signals.
This week's summary
Oracle's Sell signal has been under management for five weeks, with the short now more than 31% in the money. This week the decline accelerated with a 10.1% drop, cleanly taking out the 7-day low, in the 121.5 area. The picture still shows lower highs from the 154 area down to 134, but the first cracks are showing: seller dominance is fading and buyers stepped back in on volume during the last daily session.
IQS Phase
73
in tension
Signal Strength
60
decline starting to make lower lows
Sizing
STANDARD
Ranking
#54 / 140
US stocks
Trade P&L %
+31.41%
from signal to today
restricted Platinum content