Transcribed

Salesforce (CRM) Soars with Bullish Technicals and Analyst Upgrades

Nov 13, 2024 · 2m 16s
Salesforce (CRM) Soars with Bullish Technicals and Analyst Upgrades
Description

**Salesforce (CRM) Analysis** 1. **Current Price and Intraday Trading Range**: The current price of Salesforce (CRM) is $343.99, with an intraday trading range of $338.51 to $348.86[1][5]. 2. **Pre-market and...

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**Salesforce (CRM) Analysis**

1. **Current Price and Intraday Trading Range**: The current price of Salesforce (CRM) is $343.99, with an intraday trading range of $338.51 to $348.86[1][5].

2. **Pre-market and After-hours Movement**: Not specified in the provided sources.

3. **Trading Volume vs Average**: The trading volume is 7,275,987, which is not compared to the average volume in the provided sources[1].

4. **Recent News or Announcements**: Recent news includes price target upgrades from Wells Fargo to $330 and from Jefferies to $400[3].

5. **Major Analyst Updates or Price Target Changes**: Analysts have raised price targets, indicating a positive outlook. Wells Fargo raised the target to $330, and Jefferies and Evercore ISI raised it to $400[3].

6. **Options Flow Activity**: Unusually active option classes were reported on November 7th, but specific details are not provided[3].

7. **Related Semiconductor/AI Sector News**: The AI sector is showing signs of deceleration, which could impact Salesforce. However, the company's integration of AI technologies is seen as a positive factor[1][3].

8. **Key Technical Indicators for Day Trading**:
- **Moving Averages**: CRM is above its 8-day, 20-day, 50-day, and 200-day simple and exponential moving averages, indicating a strong buy signal[2][5].
- **Technical Rating**: Very Bullish, with bullish moving averages, technical indicators, and moving averages crossovers[5].
- **Market Sentiment**: Very Positive, with 92% bullish sentiment and a very bullish news sentiment[3].

**Market Sentiment and Outlook**: The overall sentiment is very bullish, with recent price target upgrades and positive technical indicators. Despite potential challenges in the AI sector, Salesforce's integration of AI technologies is seen as a positive factor. The stock is technically a buy, with strong moving averages and bullish technical indicators.
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Author QP - Daily
Organization William Corbin
Website -
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