prior floor. The slide extends a punishing stretch that has taken Oracle stock down 28% over the past month.

Today, one of the ugliest charts in the market got even uglier. The stock I'm talking about is Oracle. Over the past couple weeks, Oracle had traded down to what had been a key support beneath the stock right around $140. This level of support had been holding firm. That is until today. We saw a huge surge in selling volume in Oracle stock today, sending the stock down just about 6.5% in the session, closing in a new 52 week low. Now at these levels, Oracle has gotten very short term oversold. I would expect for probably going to get a little bit of a relief rally in the next couple days. But I'm not sure that we've quite seen the bottom in this current downtrend. We do have another support line coming in about $120 per share. I think that's what Oracle might be heading. What do you think Oracle stocks going next? Let me know in the comments.