Salesforce (CRM) Offering Possible 19.43% Return Over the Next 8 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $275.00 short call and a strike $282.50 long call offers a potential 19.43% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $275.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $6.28 would be incurred if the stock rose above the $282.50 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 30.68 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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Amid an upbeat day for the overall market on Tuesday, many growth stocks are seeing outsize gains. News last week that the Federal Reserve may begin raising interest rates and tapering its asset purchase program earlier than expected, as well as reports of a new coronavirus variant, spooked investors.

Ford partners with Salesforce to expand software business
Tue, 07 Dec 2021 15:16:36 +0000
Ford Motor Co said Tuesday it plans to launch a new subscription software service aimed at small businesses, in collaboration with enterprise software company Inc. The software service, called VIIZR, will be offered starting next year by the automaker's Ford Pro commercial vehicle and services unit. Based on Salesforce technology, the system will digitize paperwork for contractors, repair technicians and other trades people, and start at $39 per month per user, Ford said.

MuleSoft Unveils New Universal API Management Capabilities to Manage and Secure Any API, Anywhere – Creating Seamless Experiences, Faster
Tue, 07 Dec 2021 13:00:00 +0000
MuleSoft, provider of the world's #1 integration and API platform, today announced new universal API management capabilities that enable IT teams to securely create, manage, and govern any API across any environment and technology.

3 Dow Stocks Begging to Be Bought in December
Tue, 07 Dec 2021 10:51:00 +0000
At the moment, there are three Dow stocks absolutely begging to be bought by growth, value, or income investors in December. For growth investors, there's little question that the Dow stock to back the truck up on in December is cloud-based customer relationship management (CRM) solution provider (NYSE: CRM).

Buy Salesforce Stock Now at a Discount for 2022 and Beyond?
Mon, 06 Dec 2021 23:46:11 +0000
Wall Street sold Salesforce on the back of lower-than-projected near-term guidance and more…

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