Oracle
By Steve Abraham on Sep 21, 2007
Oracle was a technology leader during the tech boom of the late 90’s and early 2000’s. The company then lost some of its leadership while making many expensive acquisitions. Judging by yesterday’s earnings report, the company is capitalizing nicely and becoming a leading stock once again. Love him or hate him, you’ve got to credit Larry Ellison, Oracle’s iconic CEO, with reshaping the company after the dotcom boom. The stock brokeout today on big volume. The chart looks clean. I think we could see ORCL trading at $25 by year end.
4 Responses to “Oracle”
Yes, it has reached $25/share. I got in at $16 thanks to wizetrade.
Can you post a new chart? This chart is from last July. I can post my wizetrade chart if you’d like?
Oracle looks good, but anytime a stock moves in a straight line upwards, investors get ancy and pull it down. Beware. Wizetrade advises also.
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Have to agree with you on this one. ORCL has really turned it around fundamentally and the chart shows the breakout on very strong volume. Looks like a winner.