Salesforce (CRM) Offering Possible 25.63% Return Over the Next 14 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $230.00 short put and a strike $225.00 long put offers a potential 25.63% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $230.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $225.00 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 75.22 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 Executives to Participate in Upcoming Investor Events
Thu, 03 Jun 2021 11:30:00 +0000
Salesforce Executives to Participate in Upcoming Investor Events

Software Startup Outreach Valued at $4.2 Billion in New Funding
Wed, 02 Jun 2021 16:00:00 +0000
(Bloomberg) — Seattle-based Outreach, a startup that specializes in sales intelligence, said it’s valued at $4.2 billion after its latest round of financing, more than triple what it was worth last year.The new $200 million investment was led by new investors Premji Invest and Steadfast Capital Ventures, with participation from Sequoia Capital, Tiger Global Management and private equity firm Vista Equity Partners. Premji Invest is a fund managed by the family office of Indian tech billionaire A

Is Salesforce Stock A Buy? Slack Deal Synergies Key For Digital Transformation Leader
Wed, 02 Jun 2021 14:47:55 +0000
Rising corporate spending on digital transformation projects has boosted CRM stock while Salesforce’s acquisitions raise issues. With the Slack deal closing soon, merger synergies will be key.

Salesforce Unveils New Digital 360 Innovations to Help Companies Go Digital Faster
Wed, 02 Jun 2021 12:00:00 +0000
Salesforce Connections — Salesforce, [NYSE: CRM], the global leader in CRM, today announced new innovations across Digital 360, helping companies go digital faster and deliver the next generation of marketing, commerce and digital experiences. Salesforce will debut these new technologies and more at the Connections opening keynote today at 9:00 a.m. PT.

Herman Miller Redesigns Its Shopping Experience, Powered by Salesforce
Wed, 02 Jun 2021 11:59:00 +0000
SALESFORCE CONNECTIONS — Salesforce, [NYSE: CRM], the global leader in CRM, today announced that Herman Miller, a more than 100-year-old pioneer in design, is teaming up with Salesforce to continue to transform its online store and business strategy. Now, Herman Miller will be able to deliver a more cohesive omni-channel shopping experience, making it easier for customers to furnish and design their space at home, work and beyond.

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