(Finance) – Modest gain for Salesforcewhich advanced on the NYSE by a modest 0.39% despite the positive results announced yesterday evening.
The American software company has Beat Wall Street’s expectationsannouncing revenues for 9.33 billion dollars, above the consensus of 9.23 billion, and a EPS of $2.56, higher than expectations of $2.36. The company also raised full-year earnings forecast in a range of $10.03 to $10.11 per share from $9.86 to $9.94 and expects third-quarter revenue of $9.31 billion to $9.36 billion, compared to a consensus of $9.41 billion. Salesforce also announced the resignation of Chief Financial Officer Amy Weaver.
The scenario on a weekly basis of the Customer relationship management software provider detects a loosening of the curve with respect to the force expressed by the Dow JonesThis decline could make the stock an object of sales by operators.
The medium-term structure remains positively characterized, while signs of contraction emerge for the short-term setting forced to confront the resistance identified at 268.9 USD. The functional role of support offered by 253.9 is still optimal. Overall, the general context could justify a continuation of the consolidation phase towards 247.9.