Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $56.00 short call and a strike $61.00 long call offers a potential 12.61% 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 $56.00 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 $61.00 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 29.74 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
Adobe's Earnings Show This Software Company Is on the Right Track
Fri, 12 Dec 2014 15:41:00 GMT
TheStreet – Adobe is still several quarters away from being a full-fledged subscription business, but it's making the right moves, and they're beginning to pay off.
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Fri, 12 Dec 2014 01:57:17 GMT
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Thu, 11 Dec 2014 22:45:06 GMT
Risks high as Microsoft passes cloud milestone
Thu, 11 Dec 2014 17:15:50 GMT
Financial Times – Microsoft has just passed a milestone in its business overhaul for the cloud computing age. As this year closes, it has become the biggest seller of cloud services to business customers, vaulting past …
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