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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Oracle Stock On 3-Day Upswing, Shows Rising Composite Rating

On Monday, Oracle got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.

The upgrade means the stock is now outperforming 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.

Oracle is not currently near a proper buy zone. It was working on a cup with handle base, but failed to clear the buy point, so that base has expired. Now we look for the stock to form and break out of a new base as the RS rating hits 90 and the RS Line gets close to a new high.

Looking For The Best Stocks To Buy And Watch? Start Here

 

Earnings Report

The stock sports an 82 EPS Rating, meaning its recent quarterly and annual earnings growth tops 82% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

In Q3, the company posted 8% earnings growth. Sales were flat, matching the prior report's 18%.

Oracle holds the No. 1 rank among its peers in the Computer Software-Database industry group. Progress Software and New Relic are also among the group's highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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