Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 10.62% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $60.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Salesforce is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Salesforce is bearish.
The RSI indicator is at 30.22 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
10 apps to boost your career
Sat, 12 Jul 2014 14:00:00 GMT
CNBC – Sometimes the best tools to help you move up the employment ladder are right in your pocket. Here are apps that will help you make the right moves.
[$$] Salesforce.com Agrees to Acquire RelateIQ
Fri, 11 Jul 2014 22:49:53 GMT
The Wall Street Journal – Salesforce.com Inc. has agreed to acquire competitor RelateIQ Inc., which automatically captures data from email, calendars and smartphone calls, in a deal valued around $390 million.
Big trouble in high growth?
Fri, 11 Jul 2014 21:53:00 GMT
CNBC – Making money on Salesforce.com, with CNBC's Scott Wapner and the Options Action traders.
Biz Break: Yahoo, Salesforce and Microsoft go shopping for startups
Fri, 11 Jul 2014 21:17:33 GMT
Salesforce.com Acquires RelateIQ For $390 Million, Preempting A Future Rival
Fri, 11 Jul 2014 15:55:00 GMT
Forbes – RelateIQ apparently got Salesforce.com's attention as one of a new wave of challengers in the customer relationship management business. So much so that Salesforce is going to neutralize the threat by bringing the startup into the fold. The deal according to a regulatory filing, will cost Salesforce about $390 million: the […]
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