Salesforce (CRM) Offering Possible 21.95% Return Over the Next 30 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 21.95% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $8.20 would be incurred if the stock dropped below the $130.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Salesforce is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Salesforce is bullish.

The RSI indicator is at 78.12 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

[$$] Fears About Tech-Stock Multiples Don’t Add Up, Bulls Say
Mon, 20 Aug 2018 00:35:13 +0000
The buoyant performance of U.S. tech stocks is driving some fund managers and others to dismiss longstanding valuation concerns as short-sighted. While shares of companies including Amazon.com Inc., Netflix Inc. and Salesforce.com Inc. have surged this year to price/earnings ratios that are several times the market’s longtime average, many fans of these investments contend that such metrics can overstate risks. “I don’t talk about multiples.

Weekly Top Insider Buys Highlight for the Week of Aug. 17
Sat, 18 Aug 2018 15:31:25 +0000
The largest Insider Buys this week were for Salesforce.com Inc., Twenty-First Century Fox Inc., Occidental Petroleum Corp and Keurig Dr. Pepper Inc.

See what the IHS Markit Score report has to say about Salesforce.com Inc.
Sat, 18 Aug 2018 12:04:32 +0000
Salesforce.com Inc NYSE:CRM

Salesforce Has Rewarded Investors but Weaker Indicators Suggest Caution Ahead
Fri, 17 Aug 2018 17:15:00 +0000
was reviewed in June when I wrote that “Prices are still in an uptrend but the momentum indicator tells us that the pace of the rally has slowed. Prices could still reach our $140 target or even $150 but that doesn't mean we should ignore the indicators and forget about risk parameters.” Prices reached out $140 price target later in June and just pennies short of our $150 target in July. In this daily bar chart of CRM, below, we can see some developing weakness from July to August.

Cramer: Don’t dismiss Sen. Elizabeth Warren’s ideas as bad for companies
Thu, 16 Aug 2018 22:57:00 +0000
CNBC's Jim Cramer thinks that investors shouldn't be too quick to write off Senator Elizabeth Warren's ideas as bad for business. While Senator Elizabeth Warren's economic policies are known to spark divisive reactions, CNBC's Jim Cramer thinks that investors shouldn't be too quick to write off her ideas. On Wednesday, the Democratic Senator from Massachusetts sat down with Cramer to discuss her new bill called the Accountable Capitalism Act.

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