Oracle shares were flat during early trading on Wednesday ahead of the software giant's 2015 fiscal fourth quarter earnings report after the closing bell.
The stock has been stuck in a rut for most of the year, down a quarter of a percent and trading in a tight range while the Nasdaq Composite has rallied more than 7 percent in the same period. But one technician is betting that strong earnings could be the catalyst to send the stock to multi-year highs.
"The stock has really been underperforming on a year-to-date basis even as technology shares in general have moved higher," technical analyst Rich Ross said Wednesday on CNBC 's "Trading Nation." But according to Ross' chart work, the stock is butting up against key resistance at the neckline of the base of support that has formed in 2015.