Stock Of The Day: Is It Time To Buy Oracle?

Trading in Oracle Corporation (NYSE:ORCL) is volatile on Friday. This follows yesterday's drop of almost 11%. The selling was triggered by a disappointing earnings report. • Oracle stock is among today’s weakest performers. Why are ORCL shares down?Some traders are now watching Oracle for a possible rebound. This is why it is the Stock of the Day.As you can see on the chart, the sell-off ended when the price dropped to around $191. There is a reason why there is support at this level. It had been a resistan ...