Oracle (ORCL) NewsBite - Oracle to Launch Access Manager 10g Product

Posted on Monday, October 22, 2007 10:36 AM

Oracle Corp. (ORCL) opened at 20.60. So far today, the stock has hit a low of 20.51 and a high of 21.20. ORCL is now trading at 21.08, up 0.32 (1.55%). The stock hit its 52 week high of 23.00 in October and set its 52 week low of 15.97 in March. ORCL fell at the beginning of this year, but has been moving upwards since March. Oracle announced today the launch of Oracle Adaptive Access Manager 10g, a new security product designed to help companies to prevent online identity theft and fraud. Technical indicators for the stock are bullish but slightly deteriorating while S&P gives ORCL a very positive 5 STARS (out of 5) strong buy rating. If you’re looking for a hedged play on this stock, consider a December bull-put credit spread below the $19 range. ORCL stock could fall up to 9.9% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]