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

Stocks

Referenced

Most Active by Volume

75,824,590
  • $16.44 ▲ 2.05%
49,547,162
  • $128.70 ▼ 0.19%
33,592,515
  • $48.24 ▼ 0.85%
27,295,195
  • $3.89 ▼ 1.02%
27,286,163
  • $5.15 ▼ 1.34%
26,677,015
  • $37.88 ▲ 0.11%
25,704,524
  • $6.54 ▲ 0.62%
25,625,237
  • $16.39 ▼ 0.91%
As of 5/4/2015, 04:15 PM


Find a Credit Card

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