Salesforce’s most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 6.61% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 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 dropped below the $45.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Salesforce is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Salesforce is bullish.
The RSI indicator is at 56.08 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
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CNBC – “It’s so difficult to trade this because it has yet to crack,” Colin Gillis of BGC says.
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Angela Ahrendts (with iPhone): ‘THIS is the entry into the brand’
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CNNMoney.com – FORTUNE — “I grew up in a physical world, and I speak English. The next generation is growing up in a digital world, and they speak social.” So begins Burberry CEO Angela Ahrendts in this four-minute …
Salesforce.com: A Decent Long Term Buy For Growth Investors
Thu, 24 Oct 2013 19:42:17 GMT
Seeking Alpha – Now a day’s US companies are focusing on investing in new mobile, cloud and other smart technologies. Sometimes these technologies are the biggest revenue drivers for many companies. As of late, cloud …
CRM November 29th Options Begin Trading
Thu, 24 Oct 2013 14:50:00 GMT
Forbes – Investors in Salesforce.com Inc (NYSE: CRM) saw new options begin trading today, for the November 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CRM options chain for the new November 29th contracts and identified one put and one call contract of particular interest. The […]
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