Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 13.9% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $67.50 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 76.45 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
Salesforce Announces Grand Opening of New Seattle Area Engineering & Innovation Hub, Plans to Double Local Workforce to 500
Wed, 18 Jan 2017 21:01:00 GMT
PR Newswire – SAN FRANCISCO, Jan. 18, 2017 /PRNewswire/ — Salesforce [NYSE: CRM], the Customer Success Platform and world's #1 CRM company, today announced the opening of its new world-class office in Bellevue, WA. The new Bellevue office will house one of the company's largest Engineering & Innovation Hubs and is located at the Nine Two Nine Office Tower building, where the company will be the largest tenant. In the coming months, Salesforce plans to double its workforce in Bellevue to nearly 500, helping the company deliver new innovations to its more than 150,000 customers around the world.
Salesforce CEO Marc Benioff sees a huge sales opportunity under Trump's administration
Wed, 18 Jan 2017 19:37:06 GMT
Business Insider – Salesforce CEO Marc Benioff is a master salesman who can turn any conversation into a…
[$$] Cloud Selloff Lets Through a Ray of Sun
Wed, 18 Jan 2017 16:17:46 GMT
Salesforce CEO: I'm not changing how I run my business under Trump
Tue, 17 Jan 2017 19:36:04 GMT
Exclusive: Salesforce media relations honcho decamps for major Google position
Tue, 17 Jan 2017 19:10:09 GMT
American City Business Journals – The vice president for corporate communications at Salesforce has left the company, the San Francisco Business Times learned Tuesday, decamping for a top marketing and communications post at Google. A company source confirmed the departure of Chi Hea Cho, who had been with the booming cloud company since 2010. The high-ranking Salesforce media relations executive decamped from Salesforce to join Google's massive marketing effort as director of communications, advertising and commerce.
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