Salesforce Stages Dramatic Late-Day Rally to Close Higher, but After-Hours Dip Raises Questions

NEW YORK – Salesforce Inc. (CRM) shares closed with a solid gain on Friday in a volatile session that saw a dramatic reversal in the final hours of trading. The stock finished the day at

2.68 (0.99%). However, a slight decline in after-hours trading has created some uncertainty for the week ahead.

The trading day for Salesforce was a true battle between buyers and sellers. The stock surged to a high of

269.42 in the afternoon. Just when it seemed sellers had taken control, a powerful wave of buying in the last hour of trading propelled the stock sharply upward, allowing it to close near its daily highs.

This strong finish was tempered slightly after the bell, with the stock ticking down

273.05 in post-market activity.

Outlook for Monday:

The market is sending mixed signals, suggesting a potentially contested opening on Monday. The outlook is cautiously optimistic, but key levels must be watched.

• Bullish Momentum: The powerful V-shaped recovery from the day’s low of $269.42 is a very strong bullish signal. It indicates that “dip-buyers” were waiting to enter and saw value at that level. This price is now a critical line of support.

• Key Resistance: The day’s high of $274.17 serves as the immediate resistance. If buyers can push the stock past this level on Monday, it would confirm the strength of Friday’s late-day rally.

• A Note of Caution: The after-hours dip, while minor, suggests that the bullish conviction isn’t absolute. It could indicate some profit-taking after the sharp run-up into the close.

Investors on Monday will be watching to see if the bullish momentum from Friday’s close can overcome the slight after-hours weakness. The opening price action will be crucial in determining whether the stock will re-test its highs or consolidate after its volatile session.