Oracle (ORCL) Offering Possible 19.05% Return Over the Next 30 Calendar Days

Oracle's most recent trend suggests a bullish bias. One trading opportunity on Oracle is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 19.05% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $87.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Oracle is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Oracle is bullish.

The RSI indicator is at 68.83 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Oracle

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Mon, 18 Oct 2021 17:10:36 +0000
In this article, we discuss the top 10 dividend stock picks of billionaire Ken Fisher. If you want to skip our detailed analysis of these stocks, go directly to Billionaire Ken Fisher’s Top 5 Dividend Stock Picks. Ken Fisher is one of the most well-known hedge fund managers on Wall Street. The portfolio of his […]

Oracle (ORCL) Gains But Lags Market: What You Should Know
Fri, 15 Oct 2021 21:50:09 +0000
Oracle (ORCL) closed the most recent trading day at $95.33, moving +0.05% from the previous trading session.

Eyeing residential project, Proffitt Dixon Partners spends $32.5M on downtown state-owned land
Fri, 15 Oct 2021 15:04:45 +0000
This Charlotte, North Carolina-based developer dropped more than $32 million on state-owned Second Avenue land near the First Horizon ballpark. According to permit data, the firm is eyeing townhomes for the site.

Oracle Corporation Looks to Continue to Trade Above its Annual-High Share Price Today
Thu, 14 Oct 2021 16:11:01 +0000
Shares of Oracle Corporation (NYSE: ORCL) traded today at $97.35, eclipsing its 52-week high. So far today approximately 2.9 million shares have been exchanged, as compared to an average 30-day volume of 13.3 million shares. In the past 52 weeks, Oracle Corporation share prices are bracketed by a low of $55.14 and a high of $97.35 and are now at $95.54, 73% above that low price. Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world

UPDATE 1-Oracle opens Israel cloud centre to withstand rocket attacks
Wed, 13 Oct 2021 16:06:33 +0000
Oracle opened the first of two planned public cloud centres in Israel on Wednesday, enabling companies and other Israeli customers to keep their data on local servers rather than rely on other countries. The underground data centre is nine floors – about 50 metres – below one of Jerusalem's technology parks. “This facility … can withstand a rocket direct hit, a missile direct hit or even a car bomb – and the services will keep running with customers not even knowing that something so horrible has happened,” Eran Feigenbaum, Oracle's Israel manager, told Reuters.

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