Yesterday Salesforce increased by 1.4%, ended the session at $190.06

A quick look at yesterday: Salesforce rose $2.62 to close at $190.06 yesterday which makes for a move of 1.4%.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Despite this, Bollinger Band® analysis indicates that current price action is approaching the upper band at $191.73, thereby suggesting that Salesforce is becoming overvalued.

With all probabilities considered, today's gains in Salesforce have only added further momentum to existing technical factors favoring greater bullish sentiment in the days to come.

A look at other technology stocks also showed bullish price action as IBM traded at $125.29 after closing yesterday's trading day at $123.37 (up 1.56%).

While Salesforce was bullish yesterday, the following technology stocks underperformed: Applied Materials closed at $119.53 (down 2.65%). ASML Holding lost 2.5% yesterday and closed at $647.53.