Watch These Elastic Stock Price Levels After Post-Earnings Surge
ESTCElastic(ESTC) Investopedia·2024-11-23 02:20

Key TakeawaysElastic handily surpassed Wall Street’s earnings expectations and lifted its outlook, sending shares in the enterprise data software company sharply higher. Today's earnings-driven jump adds to the stock’s bullish price momentum after it broke out from a descending channel ahead of earnings.Investors should watch key overhead levels on Elastic's chart around $118 and $133, while also keeping an eye on major support levels near $94 and $82. Elastic (ESTC) handily surpassed Wall Street’s earnings ...