We're upgrading our Oracle recommendation and maintaining our Short call. The stock is down around 30% since our initial note in September, and we think there is more downside now that the price is trading sub $200 per share.
If the stock doesn't bounce back above the 200-day moving average, we could see more downside into the mid $100 per share range. Potentially finding support around $120-125 range mark.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
If the stock doesn't bounce back above the 200-day moving average, we could see more downside into the mid $100 per share range. Potentially finding support around $120-125 range mark.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
The Blueberry Team
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