Chart courtesy of stockcharts

Shares of ORCL rose more than 2% closing at 17.55$. After market close ORCL reported a higher quarterly net profit, the news gave a sharp boost to Oracle's shares in the after-hours session. Fiscal third-quarter net profit rose to $1.03 billion, or 20 cents per share, from $765 million, or 14 cents per share, a year ago. Excluding items, Oracle said it posted a per-share profit of 25 cents. Looking at the chart the stock is in a Bull Market with 50 dma on top over 200 dma and MACD above 0. Stock breakout today an important resistance at 17.25$ , next resistance is now at 18$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.