Watch These Salesforce Price Levels as Stock Jumps on Upbeat Sales Outlook

Core Insights - Salesforce (CRM) shares increased in premarket trading following a positive long-term sales outlook, with projected revenue exceeding $60 billion by 2030, surpassing analyst expectations [1][7] - The company anticipates annual revenue growth of over 10% from 2026 to 2030, driven by its Agentforce software, which automates customer service and business processes [1] Stock Performance - Salesforce shares rose by 4.8% to $248 in premarket trading, despite a nearly 30% decline in value this year due to concerns over competition from AI software affecting Agentforce adoption [2] - The stock is positioned to open around the 50-day moving average (MA) after the positive revenue outlook, potentially indicating a breakout from a descending broadening formation [4][7] Technical Analysis - Since mid-May, Salesforce shares have been trading lower within a descending broadening formation, with the 50-day MA exerting selling pressure on rallies [3][4] - A breakout above the upper trendline of the descending broadening formation could lead to a price movement towards $270, which is near the falling 200-day MA and aligns with significant chart peaks and troughs [6][7] Critical Levels to Monitor - Key overhead resistance levels to watch include $270 and $290, while support levels are identified around $230 and $212 [7]