Oracle Chart Flatlines As Death Cross Adds To Tech Stock’s Tough Month – Oracle (NYSE:ORCL)

Oracle Corp ORCL stock just flashed a Death Cross, and the chart tells a very different story for a company trying to rewrite its cloud destiny.

Chart created using Benzinga Pro

Oracle stock, at $127.16, is well below its 50-day simple moving average (SMA) of $158.48 and 200-day SMA of $160.27. When a stock’s 50-day average drops below the 200-day, it triggers what technical analysts call a death cross – and it’s not exactly a sign of bullish momentum.

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