Oracle Heads Toward Key Resistance Levels After Analyst Upgrade. Should You Buy ORCL Stock Here?

Oracle (ORCL) shares closed more than 10% higher on Feb. 9 after senior D.A. Davidson analyst Gil Luria issued a constructive note in favor of the legacy technology company. As investors cheered the bullish call, ORCL pushed closer to its 20-day moving average (MA) that sits at about $172 currently. A break above that “key resistance” may boost upward momentum in the near term. Despite today’s surge, Oracle stock remains down some 23% versus its year-to-date high. More News from Barchart www.barchart.c ...