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 17.37% return on risk over the next 9 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 $0.74 would be kept by the premium seller. The risk of $4.26 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 30.95 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
Artificial-Intelligence Startup MetaMind’s Bright Idea: Give Its Software Away
Fri, 12 Dec 2014 01:57:17 GMT
When a Chart Is Worth a Thousand Words
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 …
HP has ramped up its efforts to capture cloud computing space
Thu, 11 Dec 2014 17:00:25 GMT
Is Salesforce.com a good investment?
Thu, 11 Dec 2014 17:00:04 GMT
Market Realist – CRM is considered a pioneer in the cloud software business. As a result of its strong position in the software business, Salesforce.com is considered a good investment.
Related Posts
Also on Market Tamer…
Follow Us on Facebook