Watch These Snowflake Price Levels as Stock Pops After Strong Earnings
Key Takeaways
- Snowflake posted fourth-quarter results and an annual product revenue outlook that sailed past Wall Street estimates, sending shares in the cloud-based data storage provider sharply higher on Thursday.
- Snowflake shares carved out a cup and handle pattern between February last year and this month before undergoing a pullback ahead of the company’s earnings report.
- Investors should watch important overhead areas on Snowflake’s chart around $190, $212, $236, and $275, while also monitoring a key support level near $153.
Snowflake (SNOW) posted fourth-quarter results and an annual product revenue outlook that sailed past Wall Street estimates, sending shares in the cloud-based data storage provider sharply higher on Thursday.
