Important Price Levels to Keep an Eye On
Key Takeaways
- Salesforce shares tumbled Thursday after the cloud-based software company issued a sales forecast below Wall Street’s expectations, raising concerns about demand for its flagship AI agent platform.
- Salesforce shares had staged a countertrend rally leading into the company’s quarterly results, though the relative strength index had remained entrenched in bearish territory, signaling underlying weak momentum in the stock.
- Investors should watch key support levels on the Salesforce chart around $225 and $200, while also monitoring important overhead areas near $267 and $290.
Salesforce (CRM) shares tumbled Thursday after the cloud-based software company issued a sales forecast below Wall Street’s expectations, raising…
