Salesforce stock jumps 22.4% on earnings beat
Salesforce stock jumps 22.4% on earnings, already hits every target
Our view last week
Salesforce closes the week up 6.6%, bucking a tech sector down 3.5%. The price is closing in on its recent high, in the 211 area, with the weekly MACD improving and buyers in control on the daily chart. Earnings land this week, on August 26: an event that can move the stock either way. The buy signal, triggered 3 weeks ago, remains confirmed.
This week's summary
Salesforce stock closes the week up 22.4%, its strongest weekly gain in months, after bouncing off its daily 20-day moving average and posting an earnings report on August 26. Buyers dominate the tape and money flow swings back into strong accumulation. Our weekly technical analysis confirms the buy signal, now in its 4th week: all three model targets have already been hit.
IQS Phase
52
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#51 / 175
US stocks in progress
Trade P&L %
+39.12%
from signal to date, no stop loss
Rank position
ranks 51st among the 175 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +1.30% · monthly +11.48%
CRM belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content