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May 14, 2023
A quick look at Friday: after closing at $97.44 on Thursday, Oracle maintained a strong bullish bias that helped the stock close higher at $97.85 Friday. However, market bears ensured the the US tech hardware giant topped out at $97.92 and that by the end of the session, the market had marked out a distinct $96.93 to $97.92 range.
A look at other technology stocks also showed bullish price action as Accenture plc Class A (Ireland) was up 1.81%. IBM added 1.6% to its value, and traded at $122.84.
Oracle went up Friday, yet these technology stocks did not follow — Adobe lost 1.79% Friday and closed at $335.45.
The stock has been trending positively for about a month. Over the past 2 days, the US tech hardware giant has retreated 0.42% from a noteworthy peak of $97.85.
