Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $232.50 short put and a strike $227.50 long put offers a potential 18.2% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $232.50 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 $227.50 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 72.02 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
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Mon, 07 Jun 2021 23:15:37 +0000
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Veeva Systems' (NYSE: VEEV) stock price recently popped after the cloud services company posted solid numbers for the first quarter of fiscal 2022. Its adjusted net income grew 40% to $146.9 million, or $0.91 per share, which also topped expectations by $0.13. The cloud services market is crowded, but Veeva dominates its niche for life sciences customer relationship management (CRM) services.
Should you buy Salesforce stock? Wall Street is more enthusiastic about smaller rivals Zendesk and HubSpot
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Salesforce lags behind in revenue growth and gross margins in a widening market for enterprise software.
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