Salesforce (CRM) Offering Possible 66.67% Return Over the Next 16 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $125.00 short call and a strike $135.00 long call offers a potential 66.67% 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 $125.00 by expiration. The full premium credit of $4.00 would be kept by the premium seller. The risk of $6.00 would be incurred if the stock rose above the $135.00 long call 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 30.99 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

Salesforce reveals it was the sole bidder for MuleSoft and even paid 18 percent more than its original offer
Mon, 02 Apr 2018 21:29:00 +0000
Salesforce disclosed on Monday that it didn't have to compete with other companies to buy MuleSoft.

salesforce.com, Inc. — Moody's assigns first-time A3 senior unsecured rating to salesforce.com; outlook stable
Mon, 02 Apr 2018 13:43:04 +0000
Moody's Investors Service (“Moody's”) assigned a first-time A3 senior unsecured rating to salesforce.com, Inc. (“Salesforce”). The ratings outlook is stable. RATINGS RATIONALE The A3 …

Salesforces adjusts profit and sales guidance higher as it adopts new accounting standard
Mon, 02 Apr 2018 12:15:09 +0000
Salesforce.com Inc. raised its profit and sales guidance for the fiscal first quarter and for fiscal 2019, as a result of the adoption of new accounting standards using the full retrospective method. The …

Today’s Research Reports on Stocks to Watch: Amazon and salesforce.com
Mon, 02 Apr 2018 12:10:00 +0000
NEW YORK, NY / ACCESSWIRE / April 2, 2018 / Amazon shares slipped again in morning trading on Thursday after President Trump had some not so nice things to say about the e-commerce retailer in a tweet. …

Salesforce to Adopt New Accounting Standards
Mon, 02 Apr 2018 12:00:00 +0000
SAN FRANCISCO, April 2, 2018 /PRNewswire/ — Salesforce (CRM), the global leader in CRM, intends to adopt Financial Accounting Standards Board accounting standards ASC 606 and ASC 340-40 using the full retrospective method beginning in its first fiscal quarter ending April 30, 2018. As a result, the company is updating its guidance for its first fiscal quarter and full fiscal year 2019 to reflect the anticipated adoption of these new accounting standards. For fiscal year 2017 and fiscal year 2018, ASC 606 is currently expected to have an immaterial benefit to the company's revenue.

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