Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 23.46% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $167.50 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 63.03 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 Labs Unleashes Supplyforce Bot Communication Tool
Wed, 20 May 2020 20:48:17 +0000
Salesforce Labs has launched the Supplyforce Bot on Salesforce AppExchange to improve real-time communication within the supply chain.The free Supplyforce Bot features three components, any of which can be used by customers. They are: * Supplyforce Bot Mobile Interface that allows drivers, couriers and cargo operators to stay informed on safety-related topics, ask for help, or talk to a live agent if they need assistance. * Transportation Support that helps driver supervisors respond quickly to field requests. It is completed through a variety of channels, including SMS and WhatsApp. * Transportation Crisis Center so driver dispatch centers can monitor and analyze driver disruptions such as productivity decline and abandoned freight.Using the bot, drivers can be made aware of open truck stops, restaurants and pharmacies as well as other locations or amenities. Driver managers can monitor for mechanical issues and road closures that might delay drivers. The platform also allows companies to leverage built-in dashboards to contextually understand how to better respond to different crisis scenarios.Salesforce Labs offers free, customizable solutions built by Salesforce.com (NYSE: CRM) employees and made available to the public through the Salesforce AppExchange.The Supplyforce Bot also allows users to search for information and find knowledge articles. Users can install the Bot in one of two ways: * Existing Salesforce customers can leverage the Salesforce Care Employee and Customer Support Solution, which is free for 90 days. Once implemented, it can serve as the foundation for Supplyforce Bot package installation. * For existing customers who are already using Salesforce Sales Cloud or Service Cloud, the new Supplyforce Bot solution is available today on Salesforce AppExchange, where the package can be installed into the existing Salesforce organization.Salesforce Labs said that the introduction of the Supplyforce Bot is in response to the ongoing supply chain issues brought on by COVID-19.”Supply chain resiliency is a top priority during the crisis, as people need to be confident that essentials such as food, ventilators, medicine and personal protective equipment are readily available. As adjustments are made to meet this unprecedented need, sourcing capabilities – from production to delivery – must be guaranteed. The safety and integrity of the supply chain is critical to this effort, which starts with transportation workers,” it said in a release.The Supplyforce Bot is a free download. Photo: SalesforceSee more from Benzinga * Wolfe Research Conference Focuses On A Truckload Restart * A Challenge To Amazon, As Microsoft And FedEx Enter Multiyear Collaboration * Q&A: Why Amit Mehrotra Is Still (Very) Bullish On Transport Stocks(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Why Salesforce.com (CRM) is Poised to Beat Earnings Estimates Again
Wed, 20 May 2020 16:10:04 +0000
Salesforce.com (CRM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Software Growth Stocks To Buy: Recurring Revenue A Big Plus Amid Covid-19
Wed, 20 May 2020 15:30:49 +0000
Software growth stocks feasted on cloud computing, digital transformation and AI projects. Amid the coronavirus emergency, software stocks with subscription-based, recurring revenue stand out.
Buy Salesforce (CRM) Stock Before Q1 Earnings for Coronavirus Immunity?
Tue, 19 May 2020 22:15:10 +0000
Salesforce stock jumped again Tuesday, as part of a much larger run since mid-March. This might mean that Wall Street is expecting big things from CRM's Q1 fiscal 2021 financial results that are due out after the closing bell on Thursday, May 28…
7 Stocks Elfun Trusts Continues to Buy
Tue, 19 May 2020 17:16:30 +0000
Boston Scientific and Fidelity National make the list Continue reading…
Also on Market Tamer…
Follow Us on Facebook