Momentum Stock: Oracle Corporation

10 juin 2023

Oracle Corporation is renowned for developing and selling database software and technology, cloud engineered systems, and enterprise software products, particularly its own brands of database management systems.

It has been in a nice steady uptrend for most of the year and is up a bit over 55% for the previous 12 month period. Earnings are only a few days away so will be interesting to see what happens.

Mongo, a similar business had a massive 40% gap up its earnings.



Oracle might be a bit expensive at the moment looking at the RSI, MACD and how far away from the SuperTrend it is, but anything could happen with earnings.

A trailing stop loss of around 8% would have kept you in most of this trade which is very low volatility. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.

As always how you interpret and decide to act on any results is up to you. This is just data not financial or trading advice and past performance is in no way any guarantee of future performance. Think of it as a way to spot stocks you might be interested in and can add to your watch list and perform further research on and or discuss with your broker.

Again. Not trading advice. Industries and companies change. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.

13 juin 2023

Note

Good pop on earnings.

13 juin 2023

Note

This is a good example of a Sympathetic trading strategy which I shared on another idea here:

14 juin 2023

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Wow, it tried to push up really hard on the second day before dropping back.

15 juin 2023

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... and recovered most of it.

16 juin 2023

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... and continuing to aggressively push higher.