Oracle Corporation (ORCL) is a provider of enterprise software and computer hardware products and services including database and middleware software, application software, cloud infrastructure, and networking products. The stock is currently trading around $44.68 at the upper end of its 52 week range of $35.82-$46.71. The stock has been underperforming the market this year lowering by 0.64% year to date. ORCL is scheduled to report earnings after the closing bell today, and the stock is slightly higher on the session by around $0.03 or 0.07% ahead of the close.

Over the past 12 quarters ORCL has rallied on earnings day 7 times with an average move of 5.16%. The stock appears bearish on chart going into the release having traded above the Ichimoku Cloud for the past month on the daily bars. Over the past 12 quarters ORCL has rallied from earnings to the nearest options expiration 6 times with an average move of 5.36%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are mainly looking to see the growth of SaaS, PaaS and Big Data as well as increased revenue from cloud subscriptions. The revenue from cloud subscribers has been lagging in the past.

The options market is currently implying a move of around $1.75 or 3.9% in ORCL by this Friday’s close giving us targets of $46.43 and $42.93.

Andrew Keene

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