Why Is Salesforce Stock Surging Tuesday? - Benzinga

The company secured a $1.6 billion, three-year Agentic Enterprise License Agreement with the U.S. Department of Veterans Affairs. Salesforce said Friday the deal deploys agentic AI, Slack, MuleSoft, Data 360 and Tableau to modernize care for more than 17 million veterans.

Separately, Apollo Chief Economist Torsten Slok wrote Monday that capital is increasingly flowing to foundational software companies that provide the data pipelines and computing infrastructure powering generative AI.

Salesforce is expected to report fiscal second-quarter results on Sept. 2. Analysts expect earnings of $3.09 per share, up from $2.91 a year earlier, on revenue of $11.31 billion, compared with $10.24 billion last year.

Salesforce traded 9.6% above its 20-day simple moving average of $167.37 and 7.5% above its 50-day SMA of $170.65. The stock also remained 3.3% above its 100-day SMA of $177.52.

However, it continued to trade 10.9% below its 200-day SMA of $205.98, indicating the longer-term trend remains negative.

The moving-average setup is still bearish. The 20-day SMA remains below the 50-day SMA, while the 50-day SMA remains below the 200-day SMA. That structure suggests the broader downtrend has not yet reversed.

Momentum indicators have improved. The MACD remains above its signal line and the histogram is positive, indicating buyers have gained near-term control. Key technical levels include:

CRM Stock Price Activity: Salesforce shares were up 4.71% at $181.78 at the time of publication on Tuesday, according to Benzinga Pro data.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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