Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $260.00 short call and a strike $280.00 long call offers a potential 33.33% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $260.00 by expiration. The full premium credit of $5.00 would be kept by the premium seller. The risk of $15.00 would be incurred if the stock rose above the $280.00 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 49.71 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
Software Growth Stocks To Buy And Watch: Why Cloud Will Prevail Post Pandemic
Mon, 16 Nov 2020 12:15:49 +0000
Software growth stocks rallied amid Covid-19 owing to recurring revenue and cloud business models. As the economy rebounds, digital transformation projects will drive growth.
What will San Francisco’s new “CEO tax” actually accomplish?
Sun, 15 Nov 2020 16:38:11 +0000
Economists are skeptical of cities taxing “overpaid” CEOs. But until the federal government takes action, they say it's worth a try.
Appian's CEO: Low-Code Tools Are Going Mainstream This Year
Sat, 14 Nov 2020 13:00:00 +0000
During a talk with TheStreet, Appian CEO Matt Calkins argues that the shift to remote work has led corporate interest in automating workflows and business processes to spike.
Number of ‘tech giants’ will double in five years: LinkedIn co-founder Reid Hoffman
Fri, 13 Nov 2020 15:00:56 +0000
LinkedIn co-founder and and top Democratic donor Reid Hoffman cautioned against the breakup of tech giants that help propel the U.S. economy, instead predicting that the number of tech giants will soon double without intervention from the federal government.
Morgan Stanley’s Cloud Picks Include ServiceNow, Palantir, and DocuSign—but Not Salesforce
Thu, 12 Nov 2020 16:29:00 +0000
Analyst Keith Weiss cut his rating on Salesforce shares to Equal Weight from Overweight, while keeping his $275 price target.
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