Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $262.50 short put and a strike $257.50 long put offers a potential 38.89% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $262.50 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $257.50 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 73.63 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
5 Winning Stocks That Can Make American Workers Rich by Retirement
Mon, 06 Sep 2021 09:51:00 +0000
There are a lot of ways for American workers to build wealth. If you invest in great companies and allow your investment thesis to play out over many years, if not decades, stocks have the power to make the American worker rich.
Is C3.ai Stock a Buy?
Sun, 05 Sep 2021 01:03:28 +0000
C3.ai's (NYSE: AI) stock tumbled 10% on Sept. 2 after the artificial intelligence software provider posted its first-quarter earnings. C3 initially gained a lot of attention because its founder and CEO is Thomas Siebel. The seasoned executive previously co-founded Siebel Systems, an enterprise software company that sold to Oracle for $5.85 billion in 2005.
Is Veeva Systems Stock a Buy?
Sat, 04 Sep 2021 11:15:00 +0000
Veeva Systems' (NYSE: VEEV) stock price fell 5% following the release of the company's second-quarter earnings report on Sept. 1, even though the cloud-based services company beat analysts' estimates and raised its full-year guidance. For the full year, Veeva expects its revenue and adjusted earnings to increase by 25% and 21%, respectively. Should investors ignore the near-term volatility and buy Veeva's post-earnings dip?
Salesforce's Benioff on the future of work: ‘We're not all coming back' to the office
Fri, 03 Sep 2021 16:23:34 +0000
Salesforce (CRM) CEO Marc Benioff sees a disconnect between the C-Suite and employees being asked to return to work.
Yahoo Finance Presents: Marc Benioff
Fri, 03 Sep 2021 12:00:00 +0000
Salesforce Founder and CEO Marc Benioff sat down with Yahoo Finance’s Julia La Roche to discuss the company’s second quarter earnings as well as the future of work during the ongoing COVID-19 pandemic. Other topics covered include vaccine mandates, leadership, and venture capital investments.
Also on Market Tamer…
Follow Us on Facebook