Oracle (ORCL) NewsBite - ORCL Covered In Lee Allen Report Today

Posted: Thursday, March 05, 2009 10:17 AM EDT

Oracle (ORCL) was covered in a Lee Allen Report today and the stock is now at $14.96, down $.00 (0%) on volume of 10,322,836 shares traded. To see the report, and find out Lee's latest strategy for surviving the market crash, go to http://www.iotogo.com/la030509 . Over the last 52 weeks the stock has ranged from a low of $14.85 to a high of $23.62. Oracle stock has been showing support around $14.47 and resistance in the $15.73 range. Technical indicators for the stock are bullish and S&P gives ORCL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ORCL the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 13 range. [ABR-Seven Summits Strategic Investments NewsBite]

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