Snowflake stock forms bearish divergence as earnings loom: will it rise or crash?

Snowflake (SNOW) is set to break its recent trading range as results are due later today (Sept. 2), after the stock last traded at $319.80 vs a recent high of $341 (down about 6.3%). With price action stuck in a narrow band, the upcoming earnings print is likely the near-term catalyst for the stock’s next move.