Salesforce (CRM) Offering Possible 35.5% Return Over the Next 23 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $61.00 short put and a strike $56.00 long put offers a potential 35.5% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $61.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $3.69 would be incurred if the stock dropped below the $56.00 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 73.06 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's First European Data Centre Opens in the U.K.
Fri, 31 Oct 2014 07:03:00 GMT
PR Newswire – LONDON, Oct. 31, 2014 /PRNewswire/ — Salesforce (CRM), the Customer Success Platform and world's #1 CRM, today announced that it has opened its first European Data Centre, located in the U.K. It is the first of three planned for Europe and will support the company's growing base of customers in the region. Salesforce's European Data Centre in the U.K. is powered by 100 percent renewable energy sources, supporting the company's sustainability goals. “The opening of Salesforce's first European Data Centre underscores our commitment to customers and partners in the U.K.,” said Andrew Lawson, SVP for U.K. and Ireland, Salesforce.

Veeva Systems Flies High On Cloud For Life Sciences
Thu, 30 Oct 2014 21:31:00 GMT

Salesforce Announces Timing of its Third Quarter Fiscal 2015 Financial Results Conference Call
Thu, 30 Oct 2014 19:44:25 GMT
noodls – Oct 29, 2014 Download this Press Release () Results to be released on Nov. 19, 2014, after market close SAN FRANCISCO, Oct. 29, 2014 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform …

Birst Pushes To Differentiate A Third Party Analytics Platform
Thu, 30 Oct 2014 15:32:00 GMT
Forbes – When Salesforce.com announced Wave, its analytics offering, there was much speculation about what it meant for other vendors. The general consensus was that it would be negative for vendors offering lighter weight analytics products but beneficial for those offering deeper offerings. In the former camp lie vendors such as Domo, […]

Tony Robbins, The CEO Whisperer
Thu, 30 Oct 2014 10:00:07 GMT
Fortune – When no one was looking, Tony Robbins went from infomercial pitchman to C-suite coach. Now captains of industry and finance pay him seven-figures for his wisdom. Here's what we can learn for free.

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