When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Oracle is one stock that just reached the mark, now earning a score of 81.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating of above 80 as they begin their biggest climbs.
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Oracle is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could launch a new move.
The company reported 0% EPS growth in the latest quarterly report. Sales increased 18%. The company is expected to report its latest results on or around Dec. 15.
Oracle earns the No. 3 rank among its peers in the Computer Software-Database industry group. CommVault Systems is also among the group's highest-rated stocks.
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