TradingKey – Oracle gains $7 billion boost to spark a stock rebound, but upside remains highly limited, with $135 acting as strong resistance.

On July 24, Eastern Time, boosted by an order from the U.S. Department of Defense, Oracle ( ORCL) rose 3.22% in pre-market trading to $123.99. Yesterday, Oracle’s stock fell sharply, briefly losing the $120 mark, and dropping to an intraday low of around $119, hitting its lowest level since April 2025.

It is reported that Oracle signed a 10-year enterprise software and cloud procurement agreement with the U.S. Department of Defense (DoD) worth up to $7 billion, including perpetual software licenses, subscription software licensing, maintenance, and consulting services. Although this $7 billion…