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ORACLE: Break-on Through to the Other Side?

Posted by MGI Research
MGI Research
MGI Research Analyst Team
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on Tuesday, 19 June 2012 in Tech Giants

The overall tenor of Oracle management comments post its latest earnings announcement was very upbeat. While multiple headwinds persists, i.e. EU, stronger US dollar, launch of multiple new product initiatives such as Public Cloud, - the stock looks ready to try to attempt a break to the other side of the downward trend line.

 

Oracle: Scaling back the negative trendline

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