Sun Microsystems (JAVA) Close To A New Breakout Of $9.37

Sun Microsystems (NASDAQ: JAVA)(FREE stock trend analysis) soared by close to 9% in pre-market trading as Oracle (NASDAQ: ORCL)(FREE stock trend analysis) indictated it had constructive discussions with the European Commission over approval of its deal to buy Sun. The talks relate to MySQL technology.

Sun Microsystems (JAVA)(FREE stock trend analysis) is all set for a bullish trend on Monday, as the stock breached its 20 day, 50, day and 200 day MAs with high volumes on Friday. Sun Microsystems (JAVA)(FREE stock trend analysis) will show a major breakout, once it manages to breach its week high level of $9.37.