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The Technical Take: Salesforce Sharply Higher After Q3 Beat

Salesforce.com, inc. CRM 3.74% shares are trading higher by $3.20 at $78.39 in Friday's session.

After the close on Thursday, the company announced a Q3 beat for EPS of $0.03 along with a slight beat for revenues. The company guided higher for Q4 and expects FY 2018 revenue to be in the $10.01-$10.15 billion range.

After a higher open, it continued in that direction before finding resistance at $80.37. That high falls in the middle of the range from a series of highs from August 25 through August 31 ($80.10 to $80.70).

Since going into reverse, it has continued to make new lows for the session, with the current one standing at $77.83. At this time, it's attempting to remain in the $78 handle.

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