Salesforce (CRM) Offering Possible 27.06% Return Over the Next 29 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $180.00 short put and a strike $170.00 long put offers a potential 27.06% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $2.13 would be kept by the premium seller. The risk of $7.87 would be incurred if the stock dropped below the $170.00 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 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

CEO of United Way Bay Area to retire after 40 years with nonprofit
Tue, 21 Jan 2020 16:07:10 +0000
When Anne Wilson recently realized she had reached the four decade mark at the same Bay Area nonprofit, it struck her as both a profound achievement and realization that the time to pass the torch had come. CEO of the United Way Bay Area since 2000, the 67-year-old Wilson says now is a good opportunity to bring in fresh leadership to the local offices of the nationally recognized nonprofit. “I think every organization needs new leadership after a certain amount of time.” Wilson will step down on Feb. 28 but will continue to work with the UWBA to ensure smooth transition — expected by spring — as the United Way Worldwide conducts a national search for her replacement.

4 Stocks to Gain as Artificial Intelligence Simplifies Life
Tue, 21 Jan 2020 14:32:54 +0000
The global AI market is projected to witness a compound annual growth rate of 57% between 2017 and 2025.

Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition
Tue, 21 Jan 2020 14:00:48 +0000
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.

Is Salesforce Stock A Buy? Investors Mull Digital Transformation Amid Acquisitions
Tue, 21 Jan 2020 13:00:55 +0000
CRM stock has lagged software group peers as investors digest a number of big industry acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally?

Salesforce Co-CEOs Marc Benioff and Keith Block to Participate in World Economic Forum Annual Meeting 2020
Mon, 20 Jan 2020 13:00:00 +0000
Salesforce (NYSE: CRM), the global leader in CRM, today announced that Chairman and Co-CEO Marc Benioff and Co-CEO Keith Block will participate in the World Economic Forum Annual Meeting taking place in Davos, Switzerland from January 21-24, 2020. At the event, Benioff and Block will participate in the following discussions:

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