Stock Picks – Oracle Corp-ORCL

by Sam Collins | January 7, 2010 10:49 am

 

Oracle Corp. (ORCL[1]) – This well-known enterprise software company broke from a spread quadruple-top in mid-December to new all-time highs.   

ORCL Chart 

Chart Legend

The breakout was supported by very high volume[2] and is a strong signal that even higher prices are in its future. 

The trading target for the breakout is $28, and this matches S&P’s fundamental price target. S&P currently rates ORCL a “four-star buy.”

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Links in this item:
  1. ORCL: http://studio-5.financialcontent.com/investplace/quote?Symbol=orcl
  2. volume: http://www.optionszone.com/learn-more/john-lansing/trading-volume.html
  3. Start now.: http://www.optionszone.com/order/?sid=FA3222

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