Watch These Salesforce Price Levels as Stock Jumps on Upbeat Sales Outlook
Key Takeaways
- Salesforce shares rose in premarket trading Thursday after the software maker issued a better-than-expected long-term sales outlook.
- The stock looks set to open around the 50-day MA after the company’s upbeat revenue outlook, potentially setting the stage for a breakout from a descending broadening formation.
- Investors should watch critical overhead areas on the Salesforce chart around $270 and $290, while also monitoring support levels near $230 and $212.
Salesforce (CRM) shares gained ground in premarket trading Thursday after the software maker issued a better-than-expected long-term sales outlook.
The company said it expects revenue to surpass $60 billion in 2030, comfortably ahead of the level forecast by…
