TMCNet:  Watch for Shares of salesforce.com (CRM) to Approach Resistance at $175.72

[March 22, 2013]

Watch for Shares of salesforce.com (CRM) to Approach Resistance at $175.72

Mar 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of salesforce.com (NYSE:CRM) have bullishly opened above the pivot of $172.18 today and have reached the first resistance level of $174.23. Investors may be interested in a cross of the next upside pivot targets of $175.72 and $179.26.


salesforce.com (NYSE:CRM) has potential upside of 14.0% based on a current price of $174.50 and analysts' consensus price target of $199.00. The stock should discover initial support at its 50-day moving average (MA) of $174.13 and subsequent support at its 200-day MA of $153.72.

Over the past year, salesforce.com has traded in a range of $120.18 to $187.94 and is now at $174.50, 45% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in salesforce.com. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of salesforce.com in search of a potential trend change.

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

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