Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 5.93% 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 $57.50 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 $62.50 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 38.86 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
Workday forecasts strong revenue as subscriptions jump
Mon, 25 Nov 2013 23:14:54 GMT
Reuters – By Soham Chatterjee (Reuters) – Workday Inc, a provider of Web-based human resources software, guided fourth-quarter revenue well above expectations after reporting a 76 percent jump in quarterly sales, …
SALESFORCE COM INC Files SEC form 10-Q, Quarterly Report
Mon, 25 Nov 2013 22:09:24 GMT
Everyone focused on momentum stocks?
Mon, 25 Nov 2013 21:01:00 GMT
CNBC – CNBC contributors Carol Roth; Dan Greenhaus; and CNBC's Jon Fortt and Shelia Dharmarajan, weigh in on today's market activity including gains in the Nasdaq.
I Told Salesforce.com CEO Marc Benioff How To Fix The Hackathon Kerfuffle And This Was His Reply
Mon, 25 Nov 2013 20:05:00 GMT
Business Insider – Over the weekend, we heard from Alicia Liu, one…
Tibco And Huddle Up A Tree, Because Every Other Vendor Is Already Hitched
Mon, 25 Nov 2013 13:39:00 GMT
Forbes – As enterprises move to new solutions that give them more flexibility around communications and collaboration, there is a battle going on between vendors trying to find an edge to gain market share. The thinking goes that the moves afoot today will make or break those who are likely to be
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