Salesforce (CRM) Offering Possible 23.76% Return Over the Next 20 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $155.00 short call and a strike $160.00 long call offers a potential 23.76% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 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 rose above the $160.00 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 32.74 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

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Wed, 26 Jun 2019 20:05:00 +0000
SAN FRANCISCO , June 26, 2019 /PRNewswire/ — Salesforce (NYSE: CRM), the global leader in CRM, today announced it has granted equity awards under its 2014 Inducement Equity Incentive Plan (the “Plan”) …

Salesforce’s deal for Tableau smacks of desperation
Wed, 26 Jun 2019 16:59:00 +0000
Salesforce.com is spending $15.7 billion to buy Tableau, the world’s leading Business Intelligence vendor. While this acquisition may look like a big move for Salesforce, I believe it exposes the company’s desperate effort to keep up with Microsoft. On the financial side, the price for Tableau (DATA) represents almost a 50% premium over its market value.

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