Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $55.50 short call and a strike $60.50 long call offers a potential 18.76% 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 $55.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $60.50 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 42.55 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
Is the robust IPO market affecting the broader indices?
Thu, 10 Apr 2014 19:53:00 GMT
Internet, software stocks fall led by Facebook, Workday, Pandora
Thu, 10 Apr 2014 18:24:23 GMT
Interesting CRM Put And Call Options For May 30th
Thu, 10 Apr 2014 15:12:00 GMT
TheStreet – Investors in Salesforce. om Inc saw new options begin trading today, for the May 30th expiration.
Ingram Micro Hits a 52-Week High
Thu, 10 Apr 2014 12:50:07 GMT
Salesforce Continues To Target Revenue Growth With “New Industries Strategy”
Thu, 10 Apr 2014 12:45:00 GMT
Forbes – We believe the new industries approach is a way for Salesforce.com to offer vertical, industry specific solutions using the Salesforce1 platform, which allows customers to develop company-specific mobile and desktop solutions.
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