U-turn? After three days of bearishness, Oracle is up 0.6% today

From an earlier low of $85.87, the US tech hardware giant is on track to end the session around $86.86 after gaining 52 cents compared to last trading session's $86.34 (0.6%).

Oracle's uptick comes amid good United States macroeconomic data released during the day — highly important Initial Jobless Claims data from United States beat analyst expectations of 195,000 with a reading of 190,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of 457,000 with a reading of 1.17 million.

Meanwhile, United States ISM Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 47.7, while the previous figure was 47.4.

This rally in Oracle's share price coincides with other technology stocks as Salesforce is up 12.2%. Intel is up 2.98%. Adobe is up 2.91%.

The market is looking forward to the release of new data: United States ISM Non-Manufacturing PMI (Feb) scheduled to come out tomorrow at 15:00 UTC.

The stock has been trending positively for about 5 months. Oracle hit a significant low of $61.07 around 5 months ago, but has since recovered 41.38%.