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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (14272)9/10/1998 11:56:00 AM
From: Jenna  Read Replies (3) of 120523
 
ORCL. Relative Strength was neutral yesterday. Support is at 20 and resistance at 24 5/8. I thought it too looked overbought yesterday, but as you see in ASND and PSSI it doesn't much matter. ORCL broke Double Top Point & Figure Chart Formation yesterday and the fact that it's earnings are coming out is a positive. Low price is already reflected in earnings decrease from last year. It's got a nice PEG ratio of .75

Last Quarter's EPS: $0.41 
This Quarter's Estimated EPS: $0.16 
Next Quarter's Estimated EPS: $0.27
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