Mid-Day Stocks On The Move: (NASDAQ: TIBX), (NASDAQ: ORCL).
Tibco Software Inc. (NASDAQ: TIBX), a provider of middleware and infrastructure software, is amongst the biggest losers on the NASDAQ today. At last check, TIBX was trading 21.16% lower at $19.49 on above average volume of 12.75 million. The stock fell to a 52-week low of $18.95 earlier today.
TIBX has plunged in trading today after the company’s fourth-quarter earnings missed analysts’ estimates. TIBX is now trading well below its 50-day and 200-day moving averages. The stock also fell below $24 support level today as a result of the sell-off. The downward slide in TIBX could continue.
Oracle Corp. (NASDAQ: ORCL), a provider of enterprise software and computer hardware products and services, is also down in mid-day trading today. ORCL is currently trading 1.59% lower at $31.86 on volume of 16.17 million.
ORCL has been rallying for the last two weeks. However, the stock has slipped after reaching $32, which has been a stiff resistance level. ORCL has also slipped on profit booking following the recent rally. The stock could continue to slide before finding support at around $30.5.
ORCL had said on Tuesday that it is accelerating its dividend payments for the second, third and fourth-quarter.
WallStreetScoop.netissues momentum alerts on stocks that canprovide gains to day traders. WallStreetScoop.netprovides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetScoop.netmonitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionalsWallStreetScoop.netis often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetScoop.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Scoop believes traders should have a chance at successfully tradingPenny Stocks and invites traders and investors you to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Disclosure:WallStreetScoop.netis not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetScoop.Netwebsite, for complete risks and disclosures.