Salesforce (CRM) Offering Possible 12.36% Return Over the Next 30 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $250.00 short call and a strike $270.00 long call offers a potential 12.36% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $250.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $17.80 would be incurred if the stock rose above the $270.00 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 at 36.17 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

Salesforce.com (CRM) Stock Moves -0.37%: What You Should Know
Mon, 19 Jul 2021 21:45:09 +0000
Salesforce.com (CRM) closed at $237.55 in the latest trading session, marking a -0.37% move from the prior day.

These 3 Tech Stocks Are Building the Future
Mon, 19 Jul 2021 12:30:00 +0000
Game engines, virtual and augmented reality, and automation could be high-growth secular trends over the next decade.

Slack, Salesforce Merger Nears Closure After DoJ Drops Antitrust Review
Mon, 19 Jul 2021 09:41:00 +0000
Slack Technologies shares edged higher in active trading Monday after an antitrust probe into its $27.7 billion takeover by Salesforce was dropped by the Department of Justice. The DoJ's Antitrust Division opened a “second request” review into the deal earlier this year as the new administration of President Joe Biden vowed to take a closer look at big tech mergers. Slack said in a Securities and Exchange Commission filing that it expects the deal to close on July 21.

5 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030
Sun, 18 Jul 2021 09:51:00 +0000
Buyers of the following five innovative growth stocks have the opportunity to potentially quadruple their initial investment by the end of the decade. Make no mistake about it, cloud-based customer relationship management (CRM) software provider salesforce.com (NYSE: CRM) is a sustainably high-growth company that could see its sales multiple expand as CRM becomes a global tool used to strengthen businesses.

Time to Get to WORK, Salesforce Investors
Fri, 16 Jul 2021 12:05:00 +0000
With the Slack acquisition looming, earnings approaching, delta spreading, and work-from-home lingering, now's no time to have your head in the clouds … or … maybe it is, actually.

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