TradingKey – Oracle breaks below the $200 mark as the market focuses on upcoming earnings; Wall Street investment banks remain optimistic.

Before the market opened on June 10, Eastern Time, Oracle ( ORCL) continued its recent downward trend, breaking below the $200 mark. As of the time of writing, Oracle’s stock price has plunged more than 3% during the day to around $198, hitting a new two-week low. With Oracle set to report its latest quarterly earnings after the bell today, can this move reverse the recent decline?

Oracle stock price chart, source: TradingView

On June 1, Oracle announced it would release earnings on June 10, boosting its stock price to near $250. However, Broadcom ( AVGO )’s financial forecast released on June 3…