Oracle (ORCL) NewsBite - EU To Investigate Oracle-Sun Deal

Posted: Thursday, September 03, 2009 2:18 PM EDT

Oracle (ORCL) was covered in a Bloomberg Video Report today and the stock is now at $21.47, down $0.30 (-1.38%) on volume of 19,083,776 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $13.80 to a high of $22.61. Oracle stock has been showing support around $21.48 and resistance in the $22.18 range. Technical indicators for the stock are neutral and S&P gives ORCL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ORCL the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 24 range. [ABR-Seven Summits Strategic Investments NewsBite]

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