Oracle Is Treading Water Below Its Moving Averages After Earnings. How Should You Play ORCL Stock Here?

Oracle (ORCL) stock opened comfortably in the green this morning after reporting market-beating Q3 earnings and offering encouraging guidance for the current quarter. Following the post-earnings rally, ORCL is hovering just below its 50-day moving average (MA), with a clear break above $168 expected to further accelerate bullish momentum in the near-term. Versus its year-to-date low, Oracle stock is now up some 20% — but a senior D. A. Davidson analyst, Gil Luria, believes it’s still inexpensive to own a ...

Oracle Is Treading Water Below Its Moving Averages After Earnings. How Should You Play ORCL Stock Here? - Reportify