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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 at current levels.