Salesforce (CRM) Offering Possible 24.69% Return Over the Next 36 Calendar Days

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 $145.00 long put offers a potential 24.69% return on risk over the next 36 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 $1.98 would be kept by the premium seller. The risk of $8.02 would be incurred if the stock dropped below the $145.00 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 above 80 which suggests that the stock is in overbought territory.

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 to Hold Annual Investor Day at Dreamforce 2019
Tue, 12 Nov 2019 21:30:00 +0000
Investor Day to be webcast live on Salesforce's investor relations website SAN FRANCISCO , Nov. 12, 2019 /PRNewswire/ — Salesforce (NYSE: CRM), the global leader in CRM, today announced that it will hold …

Salesforce Announces New $50 Million Consultant Trailblazer Fund From Salesforce Ventures
Tue, 12 Nov 2019 13:00:00 +0000
SAN FRANCISCO, Nov. 12, 2019 /PRNewswire/ — Salesforce (CRM), the global leader in CRM, today announced that Salesforce Ventures, the company's global corporate investment group, has launched a new $50 million Consultant Trailblazer Fund. The new fund will provide the next generation of cloud consulting companies and digital agencies with the capital required to build and scale their Salesforce services capabilities for the future, and empower more customers to transform their businesses with Salesforce. According to new research from IDC, Salesforce and its ecosystem of customers and partners will drive $1.2 trillion in new business revenues and 4.2 million new jobs worldwide between 2019 and 2024.

Salesforce Chairman and co-CEO Marc Benioff to Speak at Tableau Conference 2019
Tue, 12 Nov 2019 13:00:00 +0000
SAN FRANCISCO , Nov. 12, 2019 /PRNewswire/ —   Salesforce (NYSE: CRM), the global leader in Customer Relationship Management (CRM), today announced that Chairman and co-CEO Marc Benioff will speak at …

90 Million Potential Disney+ Subscribers, and Two More Numbers to Know
Tue, 12 Nov 2019 10:44:00 +0000
Disney is in the process of reinventing itself around streaming. Disney (ticker: DIS) doesn’t expect Disney+ to turn a profit in the next five years—and that will be dragging on earnings. Honeywell (HON) makes products from airplane engines to electricity meters.

Salesforce.com (CRM) Gains As Market Dips: What You Should Know
Mon, 11 Nov 2019 22:45:10 +0000
In the latest trading session, Salesforce.com (CRM) closed at $161.82, marking a +0.44% move from the previous day.

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