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 6.61% return on risk over the next 18 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 $0.31 would be kept by the premium seller. The risk of $4.69 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Salesforce
Salesforce.com's Management Presents at the Credit Suisse 2013 Annual Technology Conference
Tue, 03 Dec 2013 23:27:03 GMT
Seeking Alpha – And then, I think the other thing is here clearly for us all the time is important for us to move ExactTarget onto more of an annual billings model. They had a very different approach to that when they …
Apple: UBS Ups to Buy, $650 Target, on Institutional Money Reversal
Tue, 03 Dec 2013 17:29:00 GMT
Barrons.com – Shares of Apple (AAPL) are up $8.51, or 1.5%, at $559.74, defying a down market, following an upgrade this morning by UBS's Steve Milunovich to Buy from Neutral, and an increase in price target to $650 from $540, based on Milunovich's belief that institutional money will rotate into the stock in 2014, in part as it flees stocks such as International Business Machines (IBM) that are subject to incursions from cloud computing. A number of factors will act to repair sentiment on Apple stock, writes Milunovich: Apple became a stalled growth stock though not a broken company. Now we think that perception of Apple and an improved multiple are likely as (1) money moves from threatened legacy tech stock to Apple, (2) the additions of carriers DoCoMo and China Mobile aid the seasonally weak summer quarters, (3) gross margin stabilizes, and (4) new products such as wearables and iBeacon increase confidence in Apple's innovation.
Insiders, Outsiders Option Exercises Critical For Salesforce Cash Flow
Tue, 03 Dec 2013 17:27:33 GMT
Seeking Alpha – A smidgen of negative sentiment has crept into the Salesforce.com ( CRM ) share price since their earnings report on 11/18. Here is an excerpt from CRM's earnings press release:
Amazon: Web Services Growth, Valuations And Competition.
Tue, 03 Dec 2013 16:13:44 GMT
Seeking Alpha – According to the latest data released by Synergy Research, Amazon ( AMZN ) has clearly maintained its lead in the IaaS (infrastructure as a service)/PaaS (platform as a service) market, which passed the …
RedHat Announces OpenShift Enterprise 2 – And The PaaS Wars Get Ever-Murkier
Tue, 03 Dec 2013 16:00:00 GMT
Forbes – RedHat, the open source company that is both a Fortune 500 company itself and a supplier to many large enterprises is today announcing the general availability of OpenShift Enterprise, its private Platform as a Service (PaaS) offering. OpenShift Enterprise sits along RedHat's OpenShift Online, a PaaS product designed for the
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