Salesforce (CRM) Offering Possible 16.82% Return Over the Next 36 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 16.82% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $82.50 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 32.08 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

Salesforce adds to its $4 billion spending spree by quietly buying another company
Thu, 15 Sep 2016 00:26:24 GMT
Business Insider – Salesforce just bought another company, its 3rd this month, after spending $4…

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Wed, 14 Sep 2016 22:01:10 GMT

Oracle Earnings Hot Topics: Cloud, Database Product, NetSuite
Wed, 14 Sep 2016 18:49:59 GMT

Benioff Says Salesforce Plans Continued Push for LGBT Rights
Wed, 14 Sep 2016 17:37:43 GMT
Bloomberg – Salesforce.com Inc. Chief Executive Officer Marc Benioff said his company will hire its first chief diversity officer next week and redouble his fight against state laws he considers unfair to gay employees….

Jim Cramer: Oracle's Imperfect Earnings Outlook
Wed, 14 Sep 2016 17:20:00 GMT
TheStreet – Shares of Oracle have slightly more potential upside than downside, Jim Cramer says.

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