Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $155.00 short put and a strike $150.00 long put offers a potential 18.2% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $150.00 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 65.86 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’s Co-CEO on Marc Benioff, Disruption, and the Power of the Hawaiian Shirt
Sun, 30 Sep 2018 10:30:00 +0000
Keith Block speaks in his first extended interview since joining Salesforce co-founder Marc Benioff at the top of the fast-growing software and cloud giant.
[$$] San Francisco’s Transit Center Ambitions Hit the Brakes
Fri, 28 Sep 2018 23:22:00 +0000
SAN FRANCISCO—It was billed as the Grand Central Terminal of the West. Now the Salesforce Transit Center is turning into a major embarrassment for this city’s political leadership. Two steel beams on the building’s third floor that support a rooftop public garden have cracks, officials said this week—one discovered on Tuesday, prompting the building’s closure, the second during further inspection.
Salesforce.org philanthropy chief: 'Giving back is part o…
Fri, 28 Sep 2018 23:06:00 +0000
Jim Cramer hears from Ebony Frelix, the chief philanthropy officer and executive vice president at Salesforce.org, about how the cloud giant uses its millions for good.
Cramer Remix: This stock is like Tesla, except it's making money
Fri, 28 Sep 2018 23:00:00 +0000
CNBC's Jim Cramer applauds Stitch Fix’s profitable approach to personalization thanks to its CEO. The “Mad Money” host also sits down with leaders of ServiceNow, VMware and Salesforce's philanthropy arm. The third quarter is wrapping up, September is coming to a close, and CNBC's Jim Cramer can finally breathe.
Cramer’s Exec Cut: With Silicon Valley power comes great …
Fri, 28 Sep 2018 22:00:00 +0000
Jim Cramer finds out how major leaders are addressing consumer backlash towards the pervasiveness of technology.
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