Oracle (ORCL) Offering Possible 9.17% Return Over the Next 8 Calendar Days

Oracle's most recent trend suggests a bullish bias. One trading opportunity on Oracle is a Bull Put Spread using a strike $59.00 short put and a strike $54.00 long put offers a potential 9.17% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $59.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $54.00 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 above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Oracle

Burns Scalo closes on North Shore buy
Tue, 09 Jul 2019 17:43:02 +0000
One of Pittsburgh's best known developers now owns one of the city's most visible office properties. After first announcing that a deal was in the works in early May, Green Tree-based Burns Scalo Real Estate closed on buying 225 North Shore Drive in a transaction that was finalized on one of the last work days in June.

Why Oracle Shares Popped 12% in June
Tue, 09 Jul 2019 16:51:00 +0000
Investors were happy with the company's fourth-quarter results.

Google scoops up another cloud company, Elastifile, for undisclosed sum
Tue, 09 Jul 2019 15:34:00 +0000
Alphabet Inc.'s Google division continued its cloud-computing shopping spree on Tuesday, snapping up Elastifile for an undisclosed sum. The acquisition comes on the heels of a $2.6 billion purchase of big-data startup Looker last month. The moves are part of an aggressive strategy to build market share under Thomas Kurian, the former Oracle Corp. executive who now heads Google Cloud.

See what the IHS Markit Score report has to say about Oracle Corp.
Tue, 09 Jul 2019 12:00:43 +0000
Oracle Corp NYSE:ORCLView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for ORCL with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ORCL. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.83 billion over the last one-month into ETFs that hold ORCL are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. ORCL credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Pepkor Europe Selects Oracle Cloud as a Platform for Growth
Tue, 09 Jul 2019 09:00:00 +0000
LONDON and REDWOOD SHORES, Calif., July 9, 2019 /PRNewswire/ — Pepkor Europe, the leading pan-European variety discount retailer, has chosen Oracle Cloud to support the planned future growth of its brands, …

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