New Technical Target for ORCL

By
A A A

Oracle Corp. (NASDAQ: ORCL) - This well-known enterprise software company broke from a double-top in September to a new two-year high. The breakout was supported by very high volume and is a strong signal that even higher prices are in its future.

The acquisition of Sun Microsystems has "transformed ORCL into a software and systems vendor," according to S&P, which currently rates the stock a "five-star strong buy" with a fundamental price target of $37.

ORCL was one of my top stock picks for January, and is still a good buy. The recent break to over $32, after partially closing a gap, confirms that the uptrend is intact. The trading target for ORCL is raised from $35 to $38.


Trade of the Day - ORCL Stock Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Stocks

Referenced Stocks: ORCL

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

Save Money in the Kitchen
Save Money in the Kitchen           

Stocks

Referenced

Most Active by Volume

79,861,821
  • $17.88 ▲ 1.19%
70,089,593
  • $3.96 ▲ 3.13%
54,873,286
  • $14.83 ▲ 1.92%
53,472,034
  • $6.59 ▲ 5.44%
51,282,137
  • $19.75 ▲ 9.00%
51,149,589
  • $12.33 ▲ 8.44%
49,785,947
  • $34.33 ▲ 0.03%
47,339,956
    $5.56 unch
As of 7/28/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com