Buy Alert: October 21, 2016

| October 21, 2016

Buy Alert:  October 21, 2016

 

Trade Details

Buy Oracle (ORCL) November 18th 38 Calls for $0.75 or better (lower)

 

Why?

ORCL has been in a downtrend lately, but is hitting a major support line.  Given the mostly strong fundamentals of the company, I don’t see any major sell programs hitting this stock and pushing it below support.  Instead, this looks like an excellent reversal opportunity for the powerhouse tech company.

We’re going to buy November calls.  Conservative investors can take profits at $39.  Aggressive investors can hold up to $40.  For risk control, conservative traders should exit at $36, while more aggressive traders can hold down to $34.

 

Recent Activity

Oracle

 

Category: OTW Buy Alerts