Salesforce (CRM) stock price recorded further gains in its latest intraday trading, following its rebound from the support of its SMA50, which provided the stock with positive momentum that helped drive these gains. This move comes alongside the stock retesting a previously broken short-term downward trend line, while the RSI has reached extremely oversold levels compared to the stock’s price action, indicating a rapid buildup of additional positive momentum in the near term.

 

Therefore we expect the stock price to rise in upcoming trading, provided that the $252.30 support level holds, to target the $296.00 resistance level.

 

Today’s price forecast: Bullish