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ORCL is Making Major Moves After Upgrade by Barclays Prior to Earnings

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Clueless Investor
@cluelessinvestor
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Oracle ORCL making solid gains

ORCL has been making solid returns since last year - just check out these solid, steady growth numbers.

  • YTD 11.55%

  • 1W 9.05%

  • 1M 13.91%

  • 3M 21.75%

  • 6M 26.37%

  • 1Y 56.84%

Good things got better when Barclays Upgraded the stock to overweight. Oracle has a strong position for the cloud and automation spending that is coming in the future. This all was done a week before the earnings report - that comes out March 10th - only 2 days now prior to the release.

Strong Support

Looking at the action here, it looks to be as if the street is buying into the rating, even with those big candles, its higher highs, and lower lows back to back on strong volume. It appears to be a rush to get in prior to the earnings call, and that could mean its going to take another significant jump if they beat expectations.

Given the volatility going on day to day here, I decided to remove my 5% stop loss. My rational is the the volatility with the stock, and at this point with holding at a 50% gain I can figure afford to ride out the chop.

After the upgrade, and the support in the market I am hoping this continues to grow and manages to rally past $80 although I think it has small probability to do so.

DateBuy PriceActionGain/Loss
Sep-17-2017$46.06Hold50%

Thoughts?

Where do you think ORCL will have for an earning call? Miss, Beat, Match estimates? Do you think this it will continue to grow or will it come crashing down? Drop me a comment and let know, I will reply when my RC's allow me too!!!!

sincerely, @cluelessinvestor - aka a random nobody on the internet spewing nonsense

This post NOT financial advise, it contains my personal opinion and experience and is intended for educational purposes. Perform your own research and analysis prior to making investment decisions.

Posted Using LeoFinance Beta