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Investors Business Daily
Investors Business Daily
Technology
INVESTOR'S BUSINESS DAILY and JULIE MAK

Oracle Stock Sees Rising Relative Strength

In a welcome move, Oracle stock saw its Relative Strength Rating rise from 68 to 72 on Wednesday.

IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to the rest of the market.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their largest runs. See if Oracle stock can continue to show renewed price strength and hit that benchmark.

Can You Really Time The Stock Market?

Is Oracle Stock A Buy?

Oracle stock is building a second stage cup without handle with a 132.77 entry. See if the tech stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

 

The computer software firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 11% to 16%. Revenue rose from 5% to 7%. Keep an eye out for the company's next round of numbers on or around Jun. 18.

Oracle stock holds the No. 9 rank among its peers in the Computer Software-Database industry group. Elastic, Confluent and Commvault Systems are among the top 5 highly rated stocks within the group.

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