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Oracle Higher After Being Added To Conviction Buy List At Goldman Sachs

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Oracle Corporation (NYSE: ORCL) shares are trading higher by $0.63 at $37.93 in Monday's session. The catalyst for the rally is the issue being added to the Conviction List at Goldman Sachs. Analyst Heather Bellini maintained her Buy rating and raised her price target from $45 to $47.

After a higher open, it retreated $0.13 to $37.56 before resuming its move higher. The ensuing rally has found resistance ahead of Friday's high ($38.80), only reaching $38.39 before falling back to the $28 area.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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