Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $58.00 short call and a strike $63.00 long call offers a potential 29.53% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $58.00 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $3.86 would be incurred if the stock rose above the $63.00 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 37.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
Fewer California Affordable Homes Planned on Brown’s Cuts
Tue, 23 Sep 2014 07:01:00 GMT
Bloomberg – The 160 units at Santa Monica, California’s Belmar Apartments received 4,600 applications ahead of the project’s July opening, a measure of the competition for scarce affordable housing. The Related Cos. project, where two-bedroom units rent for $946 a month, is among the last built with financing from redevelopment agencies, the taxpayer-backed programs that Governor Jerry Brown eliminated three years ago to help balance California’s budget. “The abolishment of the redevelopment agencies by Governor Brown is the single biggest problem” for affordable housing, said William Witte, president of Related’s California division, which also is seeking buyers for condominiums next to Belmar with an average price of $2.4 million.
Marc Benioff Sells More Shares of Salesforce.com
Tue, 23 Sep 2014 03:01:43 GMT
Gurufocus – Only a few days after selling 40,000 shares in his company, Salesforce.com (CRM) co-founder Marc Benioff sold 60,000 more.
Why Salesforce.com is entering the wearable device market
Mon, 22 Sep 2014 21:00:05 GMT
Why Salesforce.com bundled Force.com and Heroku together
Mon, 22 Sep 2014 17:00:05 GMT
Cloud stock bubble returns, but with less risk
Mon, 22 Sep 2014 14:23:36 GMT
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