TMCNet:  salesforce.com Set to Possibly Rebound After Yesterday's Selloff of 2.14%

[February 20, 2013]

salesforce.com Set to Possibly Rebound After Yesterday's Selloff of 2.14%

Feb 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (NYSE:CRM) traded in a range yesterday that spanned from a low of $171.06 to a high of $175.62. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $171.56 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


In the past 52 weeks, salesforce.com share prices have been bracketed by a low of $120.18 and a high of $178.91 and are now at $171.08, 42% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of salesforce.com on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.45. Since that recommendation, shares of salesforce.com have risen 13.2%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Cloud Computing 's Homepage ]