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 7.07% return on risk over the next 19 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 $0.33 would be kept by the premium seller. The risk of $4.67 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 Rights The DreamForce Hackathon Wrongs – A Lesson For Others?
Mon, 02 Dec 2013 22:57:00 GMT
Forbes – At its recent DreamForce conference (disclosure, Salesforce covered most of my costs to attend) salesforce.com made a big song and dance about attracting developers and embracing the developer ecosystem. So much so that they created a hackathon with a $1M first prize. So far, so good, right? Well alas the winning
Salesforce.com Announces Two $1 Million Winning Teams for the Salesforce1 Hackathon
Mon, 02 Dec 2013 21:09:11 GMT
noodls – SAN FRANCISCO, Dec. 2, 2013 /PRNewswire/ — Salesforce.com (NYSE: CRM), the world's #1 CRM platform, today announced that two teams won the Salesforce1 Hackathon, which concluded on Nov. 21, 2013, at Dreamforce, …
Salesforce.com Announces Two $1 Million Winning Teams for the Salesforce1 Hackathon
Mon, 02 Dec 2013 21:00:00 GMT
PR Newswire – SAN FRANCISCO, Dec. 2, 2013 /PRNewswire/ — Salesforce.com (CRM), the world's #1 CRM platform, today announced that two teams won the Salesforce1 Hackathon, which concluded on Nov. 21, 2013, at Dreamforce, the world's largest software conference. After completing an internal review of the competition, salesforce.com determined that the winning teams met eligibility requirements, but that final round judges may not have been provided with enough information to evaluate final round entrants' use of pre-existing code contained in their app entries. More than 4,500 developers registered to compete for the biggest single hackathon prize ever, with more than 150 submitted apps—all built on the Salesforce1 Platform. “Thousands of developers joined our first ever Salesforce1 Hackathon and we take their feedback seriously.
Salesforce.com Loses Money, but Masters the Art of Distraction
Mon, 02 Dec 2013 15:10:00 GMT
Minyanville – In the latest earnings season, enterprise cloud firms concealed their losses with a smokescreen of buzzwords.
Seven Questions for Evernote CEO Phil Libin
Sun, 01 Dec 2013 20:27:09 GMT
AllThingsD – Building a “Nike for the mind.”
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