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Berger: Software companies driving growth in Nasdaq 100
After the recent high-profile acquisition of WhatsApp, technology stocks have proven to be key drivers of financial growth for investors. With the trend set to continue, Serge Berger, better known as The Steady Trader, is looking to buy Oracle Corporation.
Technology and software companies have been amongst the strongest performers within the Nasdaq 100. The index was up 0.6 percent last week and has displayed relative strength compared to other major indices, for example Dow was down 0.1 percent.
Serge is looking to buy Oracle at USD 38.50 with a target pirce of USD 41.00. His stop is placed at USD 37.80.
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00:51 minutes
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