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Watch These Elastic Stock Price Levels After Post-Earnings Surge
ESTCElastic(ESTC) Investopedia·2024-11-22 18:20

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 118and118 and 133, while also keeping an eye on major support levels near 94and94 and 82. Elastic (ESTC) handily surpassed Wall Street’s earnings ...