Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 11.61% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $52.50 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 74.41 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
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Thu, 23 Jan 2014 00:09:51 GMT
Bloomberg – Jan. 22 (Bloomberg) –- Bloomberg’s Nicholas Thompson reports on the hot topics as tech leaders speak at the World Economic Forum. He speaks to Cory Johnson and Emily Chang on Bloomberg Television’s “Bloomberg …
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Wed, 22 Jan 2014 21:00:12 GMT
Market Realist – Enterprise has accounted for a major chunk of Microsoft's revenue, as businesses are increasingly buying products such as web-based cloud services.
Expert panel to investigate internet governance
Wed, 22 Jan 2014 20:34:23 GMT
Financial Times – An independent commission of top-level international policy makers and politicians is to open a two-year investigation into the way governments use internet data following revelations of mass online surveillance …
These CEOs are worth betting on: Cramer
Wed, 22 Jan 2014 19:30:45 GMT
CNBC – Not only are these top bosses the best in the business, their company's stock is worth considering, too, Cramer said.
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