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Stock Picks – Oracle Corp-ORCL

January 7, 2010  |   By Sam Collins, Chief Technical Analyst, InvestorPlace

 

Oracle Corp. (ORCL) – 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 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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