Upgrade Alert for Oracle (ORCL)
Oracle (NASDAQ:ORCL) was upgraded from Market Perform to Outperform at BMO Capital today. The stock closed yesterday at $41.42 on volume of 13.3 million shares, above average daily volume of 10.8 million.
There is potential upside of 7.6% for shares of Oracle based on a current price of $41.42 and an average consensus analyst price target of $44.55. The stock should find initial support at its 50-day moving average (MA) of $39.93 and further support at its 200-day MA of $38.06.
Oracle share prices have moved between a 52-week high of $45.33 and a 52-week low of $33.13 and closed yesterday at 25% above that low price at $41.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.
Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle's software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.
SmarTrend is monitoring the recent change of momentum in Oracle. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oracle in search of a potential trend change.
Keywords: analyst upgrades/downgrades Oracle