Salesforce (CRM) Offering Possible 32.98% Return Over the Next 24 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 32.98% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock dropped below the $55.00 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 61.51 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

The Good and Bad For Salesforce
Wed, 29 Oct 2014 20:37:00 GMT

Salesforce Announces Timing of its Third Quarter Fiscal 2015 Financial Results Conference Call
Wed, 29 Oct 2014 20:30:00 GMT
PR Newswire – SAN FRANCISCO, Oct. 29, 2014 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world's #1 CRM, today announced that its third quarter fiscal 2015 results will be released on Wednesday, …

Oracle Growing In Cloud, But Challenges Remain
Tue, 28 Oct 2014 22:27:00 GMT
Investor's Business Daily – Oracle's road to the cloud is getting smoother, but more than a few potholes remain. Analysts have offered mixed assessments of the database leader since its annual OpenWorld conference Sept. 28-Oct. 2, …

Street Talk: Love for CRM & MSG
Tue, 28 Oct 2014 18:32:00 GMT

salesforce.com (CRM) Stock Rating Reiterated Today at Morgan Stanley
Tue, 28 Oct 2014 14:31:00 GMT
TheStreet – salesforce.com's (CRM) rating of ‘overweight' was reiterated today at Morgan Stanley with its price target raised to $80 from $79.

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