Oracle Stock Just Made a Death Cross – Should Ken Fisher Be Worried?

Oracle Corp‘S (NYSE:ORCL) diagram has simply become cumbersome – and the The timing couldn’t be worse.

The technology company’s shares took a hit Death Crosswith the 50-day moving average falling below the 200-day moving average, a technical setup that traders associate with fading momentum rather than quick reversals.

Chart created with Benzinga Pro

Shares are hovering near $193, down sharply from the 52-week high of $345 and down more than 12% last month.

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The short-term picture doesn’t do Oracle any favors. The stock is trading below its 8-day and 20-day SMAs (simple moving averages), while both the 50-day SMA ($215.84) and 200-day SMA ($216.02) are well above them – classic overhead resistance.

Momentum confirms the softness: the MACD (moving average…)