Salesforce (CRM) Offering Possible 38.89% Return Over the Next 29 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 38.89% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 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 $167.50 long put 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 up which suggests that the medium-term momentum for Salesforce is bullish.

The RSI indicator is at 63.43 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

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Tue, 19 May 2020 04:00:01 +0000
A White House advisory panel on Tuesday will call for the government and private industry to work together to build new technological infrastructure to support future jobs and provide the underpinnings critical to a solid economic recovery from the coronavirus pandemic, an official briefed on the plans said. The White House American Workforce Policy Advisory Board, which is co-chaired by White House adviser Ivanka Trump and U.S. Commerce Secretary Wilbur Ross, and includes Apple Chief Executive Tim Cook, Lockheed Martin Chief Executive Marillyn Hewson and IBM Executive Chairman Ginni Rometty, plans to call for “an unprecedented investment in digital infrastructure.”

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