Bullish DailyPlay for Friday March 18th, 2016 – Oracle (ORCL)
The bullish DailyPlay we chose for Friday March 18th is Oracle (ORCL). ORCL is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 7.23% move higher and it’s 1m and 6m trends turned bullish on 3/1 and just broke above its $41.50 minor resistance level.
Oracle’s 1m and 6m trends turned bullish on 3/1 and recently broke above its $40 resistance level on high volume. With a technical score of 8 (out of 10), ORCL looks positioned to continue this strong bullish trend higher.