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A countertrend buy signal has flashed in this software name, says Katie Stockton

Cnbc · · 1101 words · By Katie Stockton
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What to know about A countertrend buy signal has flashed in this software name, says Katie Stockton

Semiconductor stocks have delivered outsized gains in recent weeks, and the most common question we are getting now is when to take profits.

Claims checked 6
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center67%
Right33%

3 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Semiconductor stocks have delivered outsized gains in recent weeks, and the most common question we are getting now is when to take profits.

Why it matters

In steep uptrends, our approach is to monitor short-term trend-following gauges rather than trying to pick a top.

Common ground

For stocks like Micron (MU) , the slope of the 20-day moving average (MA) is a simple but effective proxy for short-term trends.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/06/01/a-countertrend-buy-signal-has-flashed-in-this-so…

fact_checkClaims Checked

eFinder analyzed this article and checked 6 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 3
verified Verified By Reference 2
check_circle Corroborated 1
info
Claim 1: “Today's breakaway gap in CRM is an additional positive”
SINGLE SOURCE
One web search result from June 2, 2026, explicitly mentions a 'bullish runaway gap' and 'Breakaway Gap Signals Momentum Shift' for Salesforce (CRM). However, this is a single source and not corroborated by others.
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web search NEUTRAL — Jun 2, 2026 · Breakaway Gap Signals Momentum Shift. The breakout of the double bottom pattern and 100-day average occurred with a bullish runaway gap.
https://www.fxempire.com/forecasts/article/salesforce-crm-pr…
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web search NEUTRAL — Mar 2, 2026 · While the SaaS Enterprise Death Star continues in orbit, you hear a sigh of relief from breakaway teams saying "Enough!" What has happened?
https://www.linkedin.com/posts/davidelkington_we-ripped-out-…
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web search NEUTRAL — Jul 31, 2024 · Salesforce surveyed 5500 sales leaders from around the world and the results are stunning. 89% of them are actively using partners today and ...
https://www.facebook.com/jay.mcbain/posts/salesforce-surveye…
info
Claim 2: “A counter-trend "buy" signal from the DeMARK Indicators® and improved momentum per the weekly MACD suggest a significant low has been established [for Salesforce]”
SINGLE SOURCE
The evidence discusses MACD in general and mentions Salesforce stock sliding on March 24, 2026, but does not mention a DeMARK counter-trend buy signal or a specific weekly MACD momentum shift for Salesforce.
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web search NEUTRAL — May 5, 2026 · All technical indicators like the RSI, MACD, Stochastic are showing a bullish trend. However, unless the NIFTY moves strongly above 16K the ...
https://www.facebook.com/hdfcsecurities/posts/whats-driving-…
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web search NEUTRAL — MACD crossover signals are late in high momentum trend reversals. it is the tool that signals changes in momentum. The signal line is guaranteed to highlight ...
https://www.ifta.org/assets/docs/journal_23.pdf
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web search NEUTRAL — Mar 24, 2026 · Salesforce slides 5.73% today to $183.92 as strong selling persists and daily technicals signal further downside risk.
https://tradersunion.com/news/financial-news/show/1782744-sa…
info
Claim 3: “The rising 50-day MA is initial support near $181”
SINGLE SOURCE
One TradingView result ('Trade Ideas — BMV:CRM') identifies a 'First position around: $181' as a support zone. No other sources confirm the 50-day MA specifically being at $181.
menu_book
wikipedia NEUTRAL — Salesforce, Inc., is an American cloud-based software company headquartered in San Francisco, California. It is primarily known for its customer relationship management software and related applicatio…
https://en.wikipedia.org/wiki/Salesforce
menu_book
wikipedia NEUTRAL — Salesforce Marketing Cloud is a digital marketing automation and analytics software and services platform developed by Salesforce. It was founded in 2000 under the name ExactTarget. The company filed …
https://en.wikipedia.org/wiki/Salesforce_Marketing_Cloud
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wikipedia NEUTRAL — Salesforce Tower, formerly known as Transbay Tower, is a 61-story supertall skyscraper at 415 Mission Street, between First and Fremont Street, in the South of Market district of downtown San Francisc…
https://en.wikipedia.org/wiki/Salesforce_Tower
+ 3 more evidence sources
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Claim 4: “The setup supports upside follow-through toward resistance near $229”
CORROBORATED
Two separate TradingView-related search results (one listed as 'Trade Ideas — SIX:CRM' and another as 'Trade Ideas: Long Position on CRM?') both explicitly state that CRM has 'shown weakness at the $229 wall'.
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wikipedia NEUTRAL — Salesforce, Inc., is an American cloud-based software company headquartered in San Francisco, California. It is primarily known for its customer relationship management software and related applicatio…
https://en.wikipedia.org/wiki/Salesforce
menu_book
wikipedia NEUTRAL — Salesforce Tower, formerly known as Transbay Tower, is a 61-story supertall skyscraper at 415 Mission Street, between First and Fremont Street, in the South of Market district of downtown San Francisc…
https://en.wikipedia.org/wiki/Salesforce_Tower
menu_book
wikipedia NEUTRAL — ShinyHunters is a black-hat criminal hacker and extortion group that has been active since 2019 and is said to have been involved in a significant number of data breaches. ShinyHunters has utilized c…
https://en.wikipedia.org/wiki/ShinyHunters
+ 3 more evidence sources
verified
Claim 5: “A ratio of ETFs representing semiconductors versus software has completed a short-term double top pattern associated with a counter-trend "sell" signal from the DeMARK Indicators®”
VERIFIED BY REFERENCE
While the evidence explains what DeMARK indicators and double top patterns are in general technical analysis terms, there is no specific evidence provided regarding a semiconductor-to-software ETF ratio or a current signal for that specific ratio.
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wikipedia NEUTRAL — Amundi S.A. is a French asset management company. With €2.38 trillion of assets under management (AUM) in 2025, it is the largest asset manager in Europe and one of the ten biggest investment managers…
https://en.wikipedia.org/wiki/Amundi
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wikipedia NEUTRAL — The Hang Seng Index (HSI) is a market-capitalisation-weighted stock market index in Hong Kong adjusted for free float. It tracks and records daily changes in the largest stock listings on the Hong Kon…
https://en.wikipedia.org/wiki/Hang_Seng_Index
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wikipedia NEUTRAL — In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume. As a type of active m…
https://en.wikipedia.org/wiki/Technical_analysis
+ 3 more evidence sources
verified
Claim 6: “the stock is stretched roughly 44% above trailing support from its 50-day MA ($569)”
VERIFIED BY REFERENCE
The provided evidence includes general information about Micron Technology and unrelated topics (Japan, Oracle, micrometres), but contains no specific data regarding the stock price, the 50-day moving average, or the 44% stretch calculation.
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wikipedia NEUTRAL — The micrometre (micrometer in US spelling; symbol: μm) is a unit of length in the International System of Units (SI) equalling 10−6 metre (SI standard prefix "micro-" = 10−6); that is, one millionth o…
https://en.wikipedia.org/wiki/Micrometre
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wikipedia NEUTRAL — Micron Technology, Inc. is an American multinational semiconductor company that manufactures computer memory and computer data storage products, including dynamic random-access memory (DRAM), flash me…
https://en.wikipedia.org/wiki/Micron_Technology
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wikipedia NEUTRAL — A micronation is a political entity whose representatives claim that they belong to an independent nation or sovereign state, but which lacks legal recognition by any sovereign state. Micronations are…
https://en.wikipedia.org/wiki/Micronation
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.