Stock Of The Day: Salesforce Shares Reverse Off Of Resistance
CRMsalesforce(CRM) Benzinga·2024-08-30 02:17

Shares of Salesforce, Inc. CRM have reversed off of resistance at the 268.60level.Thisisn′tasurprise.Asyoucanseeonthechartbelow,thislevelhasbeenimportantsinceDecember.Somepricelevelsaremoreimportantthanothers.Salesforceclearlyillustratesthis.Thisiswhyit′sourStockoftheDay.Inthestockmarket,importantpricelevelscanswitchbackandforthbetweensupportandresistance.Thereisresistancearound268.60 level. This isn't a surprise. As you can see on the chart below, this level has been important since December.Some price levels are more important than others. Salesforce clearly illustrates this. This is why it's our Stock of the Day.In the stock market, important price levels can switch back and forth between support and resistance. There is resistance around 268.60 because it was a support level in April and May. And it was su ...