Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 11.36% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $62.50 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 30.73 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
[$$] Why Big Companies Delay Using the Cloud for Some Applications
Thu, 17 Jul 2014 04:20:05 GMT
The Wall Street Journal – Many big companies are in no rush to make the switch to the cloud, particularly when it comes to the applications that manage key parts of their businesses.
Call – July 31th 2014
Wed, 16 Jul 2014 22:45:03 GMT
noodls – “CORIMON, C.A. … This is an abstract of the original noodl. To continue reading this document, click here for the original version.
Salesforce's Strategic Deals to Reap Benefits, Risks Persist
Wed, 16 Jul 2014 21:39:22 GMT
Zacks – On Jul 15, 2014, we issued an updated research report on salesforce.com, Inc. (CRM).
This young gun says he has a $50 billion idea
Wed, 16 Jul 2014 19:03:42 GMT
Why SAP focused on cloud partnerships in 2Q14
Wed, 16 Jul 2014 17:00:17 GMT
Market Realist – In the second quarter, SAP announced that it's expanding its portfolio of customer relationship management (or CRM) software products.
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