Oracle Range Bound Ahead Of Q4 Report

Oracle Corporation ORCL shares are trading lower by $0.13 at $38.70 in Wednesday's session. After the close, the company will announce Q4 results. Street estimates stand at EPS of $0.82 on revenues of $10.47 billion.

Over the last six sessions (including today), the issue has been range bound. The lower end of the range stands at Monday's low ($38.38). The upper end of the range stands at its June 8 high ($39.34) and has crept lower over the last five sessions.