Oracle maintains composure within $95.31 to $96 range

Yesterday at a glance: without a clear direction, Oracle closed at $95.59 while ranging between $95.31 and $96.

Oracle's state is reflected by market data as United States TIC Net Long-Term Transactions (Feb) released yesterday at 20:00 UTC with a figure of 71 billion, while the previous figure was 31.9 billion. United States NY Empire State Manufacturing Index (Apr) came out at 10.8, while a consensus of analysts was expecting -18.

Meanwhile, mixed performances were seen by other technology stocks as ASML Holding went down 4.08%, closed at $666.2. Microsoft was up 0.93%. AMD slumps 2.05% yesterday to close at $91.75.

Data to be released today might clear up some of the market fog as tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -2.46 million from the preceding figure of 597,000. United States Building Permits (Mar) will be released today at 12:30 UTC.

The stock has been trending positively for about a month. Oracle hit a significant low of $61.07 around 6 months ago, but has since recovered 56.72%.