Oracle Shares Are Under Heavy Demand

Oracle Shares Attract Big Money

So, what’s Big Money? Said simply, that’s when a stock pushes higher alongside chunky volumes. It’s indicative of institutions betting on the shares.

Smart money managers are always looking for the next up-trending stock. And ORCL has many fundamental qualities that are attractive.

But how the shares have been trading points to strong investor appetite. As I’ll show you, the Big Money has been consistent in the shares.

Each green bar signals big trading volumes as the stock ramped in price:

Source: www.mapsignals.com

Since October the shares attracted 9 unusual buy signals. Demand for the stock has been high. Those repeated green bars could mean more upside is ahead.

Now, let’s check out the fundamental action grabbing my attention:

Oracle Fundamental Analysis

Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is supportive too. As you can see, Oracle grew sales on a 1-year basis. The firm is expected to grow EPS at a healthy clip too. Take a look:

• 1-year sales growth rate (+4.8%)

• 1-year estimated EPS growth rate (+11.3%)

Source: FactSet

Marrying strong fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, ORCL has been a top-rated stock at my research firm, MAPsignals. That means the stock has buy pressure and healthy fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

Follow the Big Money.

Oracle Price Prediction

The Oracle rally could have further to go. Healthy buying in the shares is signaling to take notice. Shares could be positioned for further upside.

Disclosure: the author holds no position in ORCL at the time of publication.

Learn more about the MAPsignals process here.

Contact

https://mapsignals.com/contact/

This article was originally posted on FX Empire

More From FXEMPIRE:

• USD/JPY Forecast – US Dollar Continues to Find Buyers on Dips

• USD/JPY Forecast – US Dollar Continues to Fight Against the Yen

• AUD/USD Weekly Forecast – Australian Dollar Gives Up Gains for the Week

• AUDUSD Forecast – Australian Dollar Continues to Test Channel

• USD/JPY Weekly Forecast – US Dollar Bounces After Initial Sell-off for the Week

• GBP/JPY Forecast – British Pound Pulls Back Against the Japanese Yen