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 12.61% return on risk over the next 19 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 $0.56 would be kept by the premium seller. The risk of $4.44 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 46.53 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
Salesforce.com Chairman and CEO to Speak at Freedom and Solidarity Forum in France
Tue, 03 Jun 2014 12:00:00 GMT
PR Newswire – SAN FRANCISCO, June 3, 2014 /PRNewswire/ — Salesforce.com (CRM), the world's #1 CRM platform, today announced that Chairman and CEO Marc Benioff will speak at the Freedom and Solidarity Forum on Thursday, June 5, 2014 at 11 a.m. CET in Caen, Normandy, France. The Freedom and Solidarity Forum will be held on June 4-5 in Caen on the occasion of the 70th anniversary of the Allied Landings in Normandy. This Forum is being organized by the American Chamber of Commerce in France (AmCham France) and the Caen Memorial, in cooperation with the City of Caen.
Falling Price of Shares Creates Risk at Salesforce
Mon, 02 Jun 2014 21:50:03 GMT
New York Times – Some analysts say the cloud-computing juggernaut is overly reliant on stock-based pay and that a prolonged slump in its share price could harm the health of its core operations.
Microsoft Corporation Is Making All the Right Friends
Mon, 02 Jun 2014 20:55:22 GMT
Motley Fool – The software and mobile device giant's CEO is making a lot of new friends lately.
Billion-Dollar Tech Startups That CIOs Should Watch
Mon, 02 Jun 2014 20:53:25 GMT
The Wall Street Journal – Lost amid all the talk of a tech bubble is the fact that some billion-dollar startups reflect important innovations in IT. Here are sectors, along with key startups, that CIOs ought to watch, regardless …
Salesforce.com Co-Founder to Participate in Upcoming Investor Meeting
Mon, 02 Jun 2014 20:30:00 GMT
PR Newswire – SAN FRANCISCO, June 2, 2014 /PRNewswire/ — Salesforce.com (NYSE: CRM), the world's #1 CRM platform, today announced that Parker Harris, Co-Founder, will participate in the Allen & Company Spring Tech …
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