Salesforce gains 4.2% within $179.11 to $185.31 daily range

Yesterday at a glance: Salesforce rose $7.38 to close at $182.89 yesterday which makes for a move of 4.2%.

United States Producer Price Index data will be released today at 12:30 UTC, with an expected decline to 0.3%.

Salesforce's upper Bollinger Band® is at $190.29, this is a slight indication of a slowdown.

Salesforce is likely to reverse course and start pointing downward in the short term.

A look at other technology stocks also showed bullish price action as Intuit traded at $408.3 after closing yesterday's trading day at $391.56 (up 4.28%). AMD was up 6.63%. Microsoft was up 2.71%.

Also worthy of note, United States Retail Sales expected to decline to -0.3% while its preceding data was 3%, data will be available today at 12:30 UTC. United States Core Retail Sales projected to come out at -0.1% — worse than previous data of 2.3%; data will be released today at 12:30 UTC. Projections for United States Producer Price Index are set for a continuation of decline with 0.3% while previous data was 0.7%; data will be released today at 12:30 UTC.

This year has been a bright one for the cloud CRM provider after trading as low as $128.27 and going on to appreciate by 30.22% year to date.