Stock to Sell #4 – Oracle Corp. (ORCL)
Lawsuits with Google (NASDAQ:GOOG) and Micron Technology (NASDAQ:MU) have been a major distraction for Oracle Corp.’s (NASDAQ:ORCL) management. Its sales growth and earnings momentum have fallen.
But as our InvestorPlace adviser Louis Navellier says, “What really keeps this stock down is its depressed level of buying pressure.”
Technically Oracle is in a bear market. Each attempt to rally falls short of holding above its 50-day and 200-day moving averages. Volume has been a strong negative. Sell ORCL at market.
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