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ORCL
Benzinga
133 days

Oracle Chart Flatlines As Death Cross Adds To Tech Stock's Tough Month

1. ORCL stock shows a Death Cross, indicating bearish momentum. 2. Currently trading at $127.16, well below moving averages. 3. Stock down over 20% year-to-date; strong bearish signals persist. 4. Cantor Fitzgerald maintains 'Overweight' rating despite challenges. 5. Oracle pushes cloud strategy but struggles against tier-one competitors.

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FAQ

Why Bearish?

The Death Cross indicates potential further declines. Historically, similar patterns have led to prolonged downtrends.

How important is it?

Technical shifts like a Death Cross have significant short-term impacts on stock sentiment.

Why Short Term?

Immediate technical indicators suggest continued weakness. Market sentiment tends to react quickly in such situations.

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