Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 23.76% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $77.50 long put 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 up which suggests that the medium-term momentum for Salesforce is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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
The Stunning Truth About Stock Compensation
Thu, 02 Jun 2016 22:00:55 GMT
Sorry Microsoft and Google, Salesforce Prefers Amazon.com's AWS
Thu, 02 Jun 2016 19:23:00 GMT
Did Oracle Cheat on Cloud Revenues? (ORCL, CRM)
Thu, 02 Jun 2016 17:50:00 GMT
Investopedia – A whistleblower has sued Oracle, saying the firm fired her in retaliation for refusing to massage the cloud division's results. Oracle disagrees.
Salesforce.com Overpays Big-Time For Demandware Acquisition
Thu, 02 Jun 2016 17:24:00 GMT
Forbes – To get a sense of how much shareholder value Salesforce is destroying, let's look at some reasonable scenarios for how much the company can improve Demandware's business so that it generates some cash flow.
Oracle Sued by Whistleblower Finance Exec
Thu, 02 Jun 2016 17:00:02 GMT
Investopedia – Shortly after Oracle (NYSE: ORCL) was handed a defeat in court over Google's use of its Java code in the Android OS — a loss Oracle has vowed to appeal — its legal team faces another court date, this …
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