Oracle stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 77.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an 80 or better RS Rating as they launch their biggest climbs. See if Oracle can continue to rebound and hit that benchmark.
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Is Oracle Stock A Buy?
Oracle stock has been rally off the bottom of a deep consolidation and trading above its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a consolidation and break out. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The computer database firm reported 0% earnings growth in the latest quarterly report. Sales increased 18%. The next quarterly results are expected on or around Dec. 15.
Oracle stock holds the No. 3 rank among its peers in the Computer Software-Database industry group. CommVault Systems and Oracle are also among the group's highest-rated stocks.
