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Monday, April 10, 2023 8:03:29 AM
By: Lucas Downey | April 10, 2023
• Oracle Corp. (ORCL) has surged in 2023, jumping 17%. One chart tells the story: heavy demand for the shares.
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:
![](http://responsive.fxempire.com/cdn/n/n/_fxempire_/2023/04/word-image-57.png)
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.
Read Full Story »»»
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
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