Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 20.48% 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 $70.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $75.00 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 28.78 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
Cramer's advice after the NYSE trading debacle
Wed, 08 Jul 2015 22:00:00 GMT
Why Salesforce.com Keeps Picking on SAP
Wed, 08 Jul 2015 21:58:10 GMT
Investopedia – Pick any recent Salesforce.com (NYSE: CRM) earnings call, and chances are you will hear CEO and co-founder Marc Benioff lampooning SAP (NYSE: SAP). Take this nugget from the first quarter fiscal 2016 conference, …
Top Analyst Upgrades and Downgrades: Enphase, Harley-Davidson, Salesforce, Tesla, WWE and More
Wed, 08 Jul 2015 12:40:12 GMT
Salesforce Senior Vice President to Participate in Upcoming Investor Event
Wed, 08 Jul 2015 12:27:14 GMT
noodls – Event to be audiocast live on Salesforce's investor relations website SAN FRANCISCO, July 8, 2015 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world's #1 CRM company, today …
Salesforce Senior Vice President to Participate in Upcoming Investor Event
Wed, 08 Jul 2015 11:55:00 GMT
PR Newswire – SAN FRANCISCO, July 8, 2015 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world's #1 CRM company, today announced that Senior Vice President of Finance, David Havlek will participate …
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