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Salesforce published an interview with Legora CFO David N. Eckstein ahead of its FY27 Q2 earnings. Shares are up 1.8% on the day at $256.62.
Salesforce published a full interview with Legora CFO David N. Eckstein during its FY27 Q2 earnings pre-show. The post came directly from the company. Salesforce operates in application software, employs 83,334 people and has a market value near $161.76 billion based on trailing revenue of $42.82 billion.
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Shares of Salesforce are setting a new high for the week by pushing through the prior weekly high at $254.34. The move is supported by price action holding above the MA-20, MA-50, and MA-200, maintaining the daily chart’s bullish structure. With the RSI at 79.9 in overbought territory, the upside is limited as further gains may be harder to sustain.
Traders should watch for a close above the recent range to confirm buyers are following through on the move. Price has advanced through the weekly high at $254.34, establishing new ground for the week. Even so, after a sharp move higher over the past week without a sustained trend, the upside probability for the coming trading week is 78%, while the downside probability is 22%, with an expected trading range between $233.58 and $279.65. A retreat below $254.34 would indicate this breakout is being faded. On the weekly chart the longer-term picture stays constructive.
Earlier, analysts noted that Salesforce’s strong earnings and AI-driven momentum had established a bullish technical backdrop. With shares now setting a new weekly high and holding above key moving averages, traders should monitor for a decisive close above $254.34 to confirm continued strength, while remaining alert to potential reversals if the breakout is not sustained.