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Barchart
Wajeeh Khan

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 at current levels. 

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