IT Software Oracle Stock Sees Relative Strength Rating Upgrade

Oracle (ORCL) had its Relative Strength (RS) Rating upgraded from 68 to 72 Wednesday — a welcome improvement, but still below the 80 or better score you look for.

The cloud-based IT infrastructure firm plans to invest $1.2 billion into opening a new digital hub in Nashville, Tennessee.

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As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating identifies market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

History reveals that the best-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest runs. See if Oracle can continue to rebound and clear that threshold.

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Is Oracle Stock A Buy?

Oracle stock is now considered extended and out of buy range after clearing a 66.30 buy point in a first-stage flat base. 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 moving average. For more analysis on Oracle stock, check out “Is Oracle Stock A Buy Right Now? Here’s What Earnings, Charts Show.”

Top and bottom line growth moved higher last quarter. Earnings were up 20%, compared to 18% in the prior report. Revenue increased from 2% to 3%.

Oracle earns the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems (CVLT) and Oracle (ORCL) are also among the group’s highest-rated stocks.

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