Salesforce Offering Possible 6.61% Return Over the Next 24 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 6.61% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 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 $67.50 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 53.24 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

Jim Cramer's 6 Stocks in 60 Seconds: TSLA UA CRM WFM TTWO AAL (Update 1)
Tue, 28 Jan 2014 22:09:00 GMT
TheStreet – Cramer is high on American Airlines, says Under Armour is a very cheap stock and thinks Take-Two stock can go to $20.

Salesforce Rising: Pac Crest Sees ‘Strong Momentum' in FYQ4; $3B Free Cash Flow by 2020
Tue, 28 Jan 2014 19:51:00 GMT
Barrons.com – Shares of cloud software poster child Salesforce.com (CRM) are up $1.84, or 3%, at $58.92, after Pacific Crest's Brendan Barnicle this morning reiterated an Outperform rating on the shares, and a $65 price target, writing that he's hearing good feedback about the company's deal signings in the fiscal Q4 ending this month, suggesting to him that the company can beat Street expectations. Barnicle's formal estimates are in line with consensus. Writes Barnicle: In completing our channel checks for Salesforce.com, it sounds like the company has strong momentum into the end of the fiscal year. Salesforce has focused on understanding verticals better, and it is starting to see the benefit of its focus.

Cramer's Six in 60: TSLA, UA, WFM & more
Tue, 28 Jan 2014 14:55:00 GMT
CNBC – Cramer shares six stocks to watch, and reveals them in under 60 seconds, including Take Two, American Airlines, and Whole Foods.

Covisint Reports Loss in Q3
Tue, 28 Jan 2014 14:08:21 GMT
Zacks – Covisint Corp. reported a loss of 10 cents per share in the third quarter of fiscal 2014, wider than a loss of 9 cents per share reported in the year-ago quarter.

IT Underestimates Cloud App Usage: Study
Tue, 28 Jan 2014 13:01:40 GMT
The Wall Street Journal – Whether IT knows it or not—mostly not—enterprise data are being exposed across a dizzying array of cloud applications, many of which may not meet security and compliance standards, according to a new report….

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