By Jay Woods
Publication Date: 2026-04-16 17:16:00
Over the last week, we’ve seen many of the struggling software giants come back to life. Some of you may have dealt with this several times and ridden the daily waves of volatility. To those of you who have, I salute you. We’ve shared ideas with Pro subscribers about the highly volatile software sector, with some success. So why not stick with what works? We talked about how to trade the falling knife across the sector – the iShares Expanded Tech-Software Sector ETF (IGV). Then, after a much-needed recovery rally, we turned to a short idea in AppLovin (APP) that offered an optimal risk-reward entry. Today we’re going the other way and looking at a long-term idea that still has momentum and a good risk-reward ratio: Oracle (ORCL). The stock is up 29% for the week so far; We clearly missed the low. However, for the swing trader and even the longer term trader waiting for a safer entry point, we believe we have found it. The setup: The stock had fallen 60% since its peak in September….