Watch These Oracle Price Levels as Stock Surges to Record High on Cloud Growth Outlook
Key Takeaways
- Oracle shares soared Thursday after the enterprise software giant’s quarterly results and sales outlook sailed past Wall Street expectations.
- The stock staged a breakaway gap to a new all-time high on heavy trading volume.
- Bars pattern analysis forecasts a potential upside price target of $275 and indicates the trend could last until mid December.
- Investors should watch important support levels on Oracle’s chart around $180 and $154.
Oracle (ORCL) shares soared to a record high Thursday after the enterprise software giant’s quarterly results and sales outlook sailed past Wall Street expectations.
The company said it expects “dramatically higher” revenue growth this fiscal year, driven by strength in its cloud…
