Salesforce (CRM) Offering Possible 40.85% Return Over the Next 13 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $267.50 short put and a strike $262.50 long put offers a potential 40.85% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $267.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $262.50 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 64.93 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

Supply-chain troubles drive Salesforce’s forecast for 20% increase in prices this holiday season
Thu, 30 Sep 2021 19:48:00 +0000
Supply-chain problems will hit consumers in the wallet during the holidays, with Salesforce.com Inc. forecasting a 20% increase in prices for the shopping season and beyond. The global supply chain has been tied in knots for a variety of reasons linked to COVID-19, including bottlenecks at ports, factory closures overseas and higher costs for things like containers to move merchandise. As early as this summer, there were already forecasts about the impact the supply-chain backup could have on toys.

Dow Jones Off Lows As Senate Passes Bill; Netflix, Paychex Soar But This Stock Crashes
Thu, 30 Sep 2021 19:19:15 +0000
Stocks moved off session lows as the Senate averted a government shutdown, but the Dow Jones industrials were still down nearly 300 points.

Is Salesforce Stock A Buy? Software Maker Raises Fiscal 2022 Revenue Outlook
Wed, 29 Sep 2021 13:30:55 +0000
Rising corporate spending on digital transformation projects has boosted CRM stock while Salesforce’s acquisitions raise issues. With the Slack deal closing, merger synergies will be key.

Consumers Expected to Face Higher Prices this Holiday Season — Salesforce Digital Forecast
Wed, 29 Sep 2021 12:00:00 +0000
Salesforce (NYSE: CRM), the global leader in CRM, today announced new consumer insights and predictions for the 2021 holiday shopping season. The company expects digital sales to once again top $1 trillion globally, but consumers, retailers, and suppliers are predicted to face rising costs and decreased inventory due to pressure on the global supply chain.

Zacks.com featured highlights include: Olin Corp, Salesforce, Comstock Resources, Gaming and Leisure Properties and Stanley Black & Decker
Wed, 29 Sep 2021 11:08:11 +0000
Zacks.com featured highlights include: Olin Corp, Salesforce, Comstock Resources, Gaming and Leisure Properties and Stanley Black & Decker

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