Oracle Corp. (NASDAQ: ORCL) — This well-known enterprise software company broke from a double-top in September to a new two-year high. The breakout was supported by very high volume and is a strong signal that even higher prices are in its future. The acquisition of Sun Microsystems has “transformed ORCL into a software and systems vendor,” according to S&P, which currently rates the stock a “five-star strong buy” with a fundamental price target of $37. ORCL was one of my top stock picks for January, and is still a good buy. The recent break to over $32, after partially closing a gap, confirms that the uptrend is intact. The trading target for ORCL is raised from $35 to $38. If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .
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InvestorPlace
Monday, January 24, 2011
New Technical Target for ORCL
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