Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 5.93% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock rose above the $60.00 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 49.83 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
Gotham's Joel Greenblatt likes these stocks
Thu, 05 Jun 2014 21:36:48 GMT
Salesforce.com Core Product Growth Might Be Slowing
Thu, 05 Jun 2014 18:29:00 GMT
Investor's Business Daily – The growth of Salesforce.com's (CRM) bread-and-butter product may be slowing faster than anyone thought. That's the contention of Wedbush Securities analyst Steve Koenig after examining a first-ever revenue …
Cloud computing breathing new life into Microsoft
Thu, 05 Jun 2014 18:05:00 GMT
SALESFORCE COM INC Financials
Thu, 05 Jun 2014 17:04:10 GMT
4 Months Later, And Microsoft Corporation is Already a New Company
Thu, 05 Jun 2014 17:02:04 GMT
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