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Oracle Stock Rides Higher With Relative Strength Rating Upgrade

Oracle (ORCL) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 66 to 72.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks holds up against all the other stocks in our database.

History reveals that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Oracle can continue to show renewed price strength and clear that threshold.


See How IBD Helps You Make More Money In Stocks


Oracle stock is now considered extended and out of buy range after clearing a 66.30 buy point in a first-stage flat base back in late February.  See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

In terms of fundamentals, the computer software firm has posted rising EPS growth over the last four quarters. Revenue gains have also risen over the same time frame.

Oracle stock holds the No. 5 rank among its peers in the Computer Software-Database industry group. Commvault Systems (CVLT) and Workiva (WK) are also among the group’s highest-rated stocks.

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