Salesforce (CRM) Offering Possible 13.9% Return Over the Next 3 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $185.00 short put and a strike $180.00 long put offers a potential 13.9% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 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 $180.00 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 66.8 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

Top Insider Buys Highlight for the Week of Feb. 14
Sun, 16 Feb 2020 21:07:00 +0000
Insiders load up on, Ford, Catalent and PPD Continue reading…

New Report Shows 3 out of 4 Organizations Expect Negative Revenue Impact if They Don't Digitally Transform in the Next 12 Months
Thu, 13 Feb 2020 13:00:00 +0000
MuleSoft, provider of the leading platform for building application networks, today announced the findings of the 2020 Connectivity Benchmark Report on the state of IT and digital transformation. The global survey of 800 CIOs and IT decision makers (ITDMs) in organizations with at least 1,000 employees revealed that digital transformation has widely become a strategic imperative for businesses with nearly all respondents (92%) currently undertaking initiatives or planning to in the next year. However, significant integration challenges exist for 85% of organizations – stalling digital transformation and negatively impacting revenue, speed to market and customer experiences.

Here's How Large Salesforce Option Traders Are Positioning Ahead Of Earnings
Tue, 11 Feb 2020 20:00:05 +0000, inc. (NYSE: CRM) shares are up 32.4% in the past six months on optimism about the company’s cloud-based customer relationship management services software. At 10:01 a.m. ET, a trader bought 932 Salesforce put options with a $180 strike price expiring on Feb. 21. Within seconds, a trader bought 532 of the same Salesforce put options with a $180 strike price expiring on Feb. 21.

Infosys is acquiring Simplus for $250M to grow its Salesforce consulting arm
Tue, 11 Feb 2020 17:08:23 +0000
Infosys is a huge consulting organization based in India, which works with clients as they implement complex software integrations. Today, the company announced it was buying Simplus, a Salesforce integration consultant, for $250 million. It brings a wide range of Salesforce consulting, training and integration services along with general Salesforce expertise, which Infosys hopes to put to work.

Salesforce Target Price Boosted to $225 by Morgan Stanley
Tue, 11 Feb 2020 15:54:00 +0000 “remains one of the best secularly positioned names in software and a long-term share gainer,” a Morgan Stanley analyst said Tuesday as he boosted the cloud-computing company's price target to $225 from $216. Shares of Salesforce were up slightly Tuesday to $190.27. Analyst Keith Weiss, who reiterated his overweight rating on shares of the San Francisco-based company, said in a note to clients that “after pulling together a portfolio of leading solutions enabling digital transformation initiatives for their customers, Salesforce is ready to yield on those investments and sustain a 28% free cash growth (compound annual growth rate)” through fiscal 2024.

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