Software Stock “Buy” Signal Has Never Been Wrong
Portfolio Pulse from
Oracle (ORCL) has experienced a 17.7% decline from its record high in December, despite a strong year-over-year performance. The stock's recent pullback has taken it out of a channel of higher highs.
January 10, 2025 | 1:15 pm
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NEGATIVE IMPACT
Oracle's stock has dropped 17.7% from its December high, despite a 57.4% year-over-year increase. The recent pullback has moved the stock out of a channel of higher highs.
The significant drop from the December high suggests a negative short-term sentiment, despite strong year-over-year performance. The movement out of a channel of higher highs indicates potential further downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100