Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 6.84% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $52.50 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 54.71 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
GetFeedback: Helping Brands Succeed In A Mobile-First World
Thu, 06 Feb 2014 17:46:00 GMT
Forbes – While consumer mobile apps get tons of buzz, there is also a mobile-first megatrend in the enterprise space. And one company that is leading the charge is GetFeedback. It certainly helps that the founders are former executives at Salesforce.com. In fact, today GetFeedback announced an integrated offering with Salesforce.com. It allows […]
Jim Cramer Quick Take: The Best Tech Stocks Are Social, Mobile and Cloud-Based
Thu, 06 Feb 2014 17:38:00 GMT
TheStreet – TheStreet's Jim Cramer gives his advice on what he looks for in a tech investment.
With Help From Ex-Oracle Salespeople, Marc Benioff Is About To Close A Huge $80 Million Deal, Analyst Says
Thu, 06 Feb 2014 16:02:17 GMT
Business Insider – Looks like Marc Benioff's strategy of hiring…
Sochi's messy start, Twitter's pain and Salesforce.com's bull setup
Thu, 06 Feb 2014 13:47:00 GMT
MarketWatch – As far as investors are concerned, here's hoping the Winter Olympics in Sochi are more Atlanta than Sydney.
Twitter Loss Exceeds Estimates as User Growth Slows
Wed, 05 Feb 2014 21:19:34 GMT
Bloomberg – Twitter Inc. (TWTR) posted slowing user growth and a net loss that was wider than analysts’ estimates in its first earnings report as a public company, sending shares down in extended trading. Twitter said in a statement today that it had 241 million monthly active users, up 30 percent from 185 million a year ago, with the rate of growth slowing from 39 percent in the prior period. The results indicate that Twitter may find it difficult to justify its $37.4 billion market capitalization, a valuation that is higher than Target Corp. (TGT) and Salesforce.com Inc. (CRM), even though the microblogging service is unprofitable. Since its November initial public offering, Twitter’s stock has soared on optimism that sales will grow as the company rolls out new targeting and mobile ad products.
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