Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 23.76% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $55.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Salesforce is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Salesforce is bullish.
The RSI indicator is at 57.27 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Salesforce
Tech Billionaire Slams His Peers For Being ‘Stingy'
Wed, 24 Dec 2014 22:30:00 GMT
Business Insider – Marc Benioff, the co-founder CEO of Salesforce…
Marc Benioff's Philanthropic Mission: San Francisco
Tue, 23 Dec 2014 22:29:05 GMT
Microsoft is rushing to catch Amazon in the cloud
Tue, 23 Dec 2014 16:32:53 GMT
Will salesforce.com (CRM) Stock React to This Coverage Initiation Today?
Tue, 23 Dec 2014 13:58:00 GMT
TheStreet – Shares of salesforce.com (CRM) are up in pre-market trading after Drexel Hamilton initiated coverage on the company with a ‘hold' rating.
Analysts' Actions: Achillion, Avon, Kimberly-Clark, Salesforce.com
Tue, 23 Dec 2014 13:24:00 GMT
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