Snowflake Price Levels to Watch as Stock Pops 20% on Strong Earnings, Outlook
Key Takeaways
- Snowflake shares popped 20% in extended trading Wednesday after the data analytics software maker reported better-than-expected earnings and boosted its revenue outlook.
- Between September and October, the stock carved out a double bottom, a classic chart pattern that indicates a bullish reversal.
- Investors should watch key overhead price levels on Snowflake’s chart around $145, $165, $182, and $200, while monitoring an important support area near $125.
Snowflake (SNOW) shares jumped 20% in extended trading on Wednesday after the data analytics software maker reported better-than-expected earnings and boosted its revenue outlook.
The company said it now sees fiscal 2025 product revenue, which accounts for around 96% of…
