Stock Of The Day – How To Trade A Reversal In Oracle

Shares of Oracle Corporation ORCL are trading significantly higher Wednesday. This comes after the company said that it won several billion-dollar contracts in the past quarter.But some traders believe the move higher may be overdone, and they are considering how to position themselves for a possible reversal. This is why Oracle is our Stock of the Day.A common mistake that new traders make is trying to be precise. If they want to buy a stock, they try to get the lowest price of a range or a selloff. And if ...