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新华仔
2021-02-25

Agreed !

Can Salesforce Snap Out of Its Funk With Earnings?

With the exception of the past few days, the Nasdaq has been busy grinding out new highs. Not Salesf

Can Salesforce Snap Out of Its Funk With Earnings?

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Not Salesf","content":"<p>With the exception of the past few days, the Nasdaq has been busy grinding out new highs. Not Salesforce, however.</p>\n<p>While the stock hasn’t been a terrible performer, it simply hasn’t done much. Like some of its larger mega-cap tech peers such as Amazon&nbsp;Report&nbsp;or Nvidia&nbsp;Get Report, Salesforce continues to trade in a sideways manner.</p>\n<p>Investors are hoping that earnings on Thursday will help break it out of this consolidation. Worth mentioning is that&nbsp;Nvidia will report earnings Wednesday after the closing bell.&nbsp;</p>\n<p>In any regard, Salesforce stock exploded higher in late August on&nbsp;better-than-expected earnings. The stock posted a 26% one-day rally in response, hitting new all-time highs.</p>\n<p>The reaction wasn’t quite as bullish when it reported again in December, while also&nbsp;announcing the $27.7 billion acquisition&nbsp;of Slack.</p>\n<p>Will this time be different, or like its peers will Salesforce fail to regain momentum on earnings?</p>\n<p><b>Trading Salesforce</b></p>\n<p><img src=\"https://static.tigerbbs.com/dea01b300b52d3bba2a47bb875f9c9b9\" tg-width=\"1070\" tg-height=\"736\"></p>\n<p>Since popping to its highs in August, Salesforce stock has been putting in a giant bull flag pattern, consolidating in a series of lower highs and lower lows.</p>\n<p>Even if the post-earnings reaction isn’t a robust move to the upside, bulls can secure a victory as long as the stock doesn’t go on to make new lows. Or at least, that’s the case in my mind.</p>\n<p>After reclaiming the 50-day moving average at the start of the month, Salesforce stock is finding this measure as support.</p>\n<p>On the flip side, it’s below the 10-day and 21-day moving averages, with the latter acting as resistance.</p>\n<p>If the reaction is bearish, bulls want to see the 200-day moving average and the $216 area act as support. If the latter is in play, so too might the most recent low from January, at $213.70.</p>\n<p>We&nbsp;<i>could</i>&nbsp;see a slight undercut of this level before the stock quickly reclaims it. That’s about the only “new low” scenario that would be acceptable, but let's not get too in-depth on the hypotheticals.</p>\n<p>Below $213.70 and channel support is on the table.</p>\n<p>On a bullish reaction, I’d love to see Salesforce stock break out over channel resistance and clear the February highs near $250.</p>\n<p>That could put $270 in play, followed by the all-time high up at $284.50.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Salesforce Snap Out of Its Funk With Earnings?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Salesforce Snap Out of Its Funk With Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-25 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/salesforce-crm-stock-earnings-preview-trading-022421><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the exception of the past few days, the Nasdaq has been busy grinding out new highs. Not Salesforce, however.\nWhile the stock hasn’t been a terrible performer, it simply hasn’t done much. Like ...</p>\n\n<a href=\"https://www.thestreet.com/investing/salesforce-crm-stock-earnings-preview-trading-022421\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://www.thestreet.com/investing/salesforce-crm-stock-earnings-preview-trading-022421","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158476459","content_text":"With the exception of the past few days, the Nasdaq has been busy grinding out new highs. Not Salesforce, however.\nWhile the stock hasn’t been a terrible performer, it simply hasn’t done much. Like some of its larger mega-cap tech peers such as Amazon Report or Nvidia Get Report, Salesforce continues to trade in a sideways manner.\nInvestors are hoping that earnings on Thursday will help break it out of this consolidation. Worth mentioning is that Nvidia will report earnings Wednesday after the closing bell. \nIn any regard, Salesforce stock exploded higher in late August on better-than-expected earnings. The stock posted a 26% one-day rally in response, hitting new all-time highs.\nThe reaction wasn’t quite as bullish when it reported again in December, while also announcing the $27.7 billion acquisition of Slack.\nWill this time be different, or like its peers will Salesforce fail to regain momentum on earnings?\nTrading Salesforce\n\nSince popping to its highs in August, Salesforce stock has been putting in a giant bull flag pattern, consolidating in a series of lower highs and lower lows.\nEven if the post-earnings reaction isn’t a robust move to the upside, bulls can secure a victory as long as the stock doesn’t go on to make new lows. Or at least, that’s the case in my mind.\nAfter reclaiming the 50-day moving average at the start of the month, Salesforce stock is finding this measure as support.\nOn the flip side, it’s below the 10-day and 21-day moving averages, with the latter acting as resistance.\nIf the reaction is bearish, bulls want to see the 200-day moving average and the $216 area act as support. If the latter is in play, so too might the most recent low from January, at $213.70.\nWe could see a slight undercut of this level before the stock quickly reclaims it. That’s about the only “new low” scenario that would be acceptable, but let's not get too in-depth on the hypotheticals.\nBelow $213.70 and channel support is on the table.\nOn a bullish reaction, I’d love to see Salesforce stock break out over channel resistance and clear the February highs near $250.\nThat could put $270 in play, followed by the all-time high up at $284.50.","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}