CRM Breaks Out at $266.08 as Moving Averages Align

Salesforce Inc (CRM) closed up 0.31% at $266.08 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($261.68) with a bullish stack. The 21-day EMA at $256.40 provides support.
• Momentum: RSI at 67.4 is in neutral territory but trending higher. MACD is bullish (5.91 vs signal 5.07).
• Volatility: Bollinger Band width at 17.7% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $232.42, Resistance at $277.44.