Technical Spike in Oracle Triggers Profit-Taking Call

27 days ago

Dan Ferris / Corey McLaughlin

"Oracle shares are up 40% in one day, intraday right now. And the power gauge gave what we call a relative strength buy signal on Oracle two days ago. ... in our trading-oriented newsletter we’re recommending that people take some profits because the spike has dragged along a lot of tech stocks."

The hosts highlight that Oracle (assumed ticker ORCL) recently experienced a dramatic intraday spike and, despite a relative strength buy signal from the power gauge two days earlier, technicals now suggest it may be time to take profits. This trade call is aimed at short-term traders looking to lock in gains.

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