Software applications maker Oracle ( ORCL) ($32.46) is trading between its 50-day and 200-day SMAs at $32.30 and $33.33. My annual value level is $30.81 with a monthly pivot at $32.33 and annual risky level at $34.68.
TIBCO Software ( TIBX) ($24.61) set a 2013 high at $25.76 on Aug. 1 then declined to $22.23 on Aug. 23 holding the 200-day SMA at $22.10. My monthly value level is $21.86 with a weekly pivot at $23.56 and semiannual risky level at $33.66. At the time of publication the author held no positions in any of the stocks mentioned.Follow @SuttmeierThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.