Salesforce (CRM) Offering Possible 42.86% Return Over the Next 21 Calendar Days

Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $232.50 short put and a strike $227.50 long put offers a potential 42.86% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $232.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $227.50 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 66.35 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 acts on climate, requiring suppliers to set carbon goals
Thu, 29 Apr 2021 11:37:26 +0000
Salesforce.com Inc on Thursday said its supplier contracts will now require companies that do business with it such as airlines to set carbon-reduction goals and deliver products and services on a carbon-neutral basis, making it the latest U.S. company to take steps to address climate change. Slashing carbon emissions is considered key to stemming global warming. Salesforce, a maker of cloud-based software for sales, marketing and other professionals, says that one of the largest sources of carbon emissions in its supply chain is the data centers that help deliver its cloud-based software; the company estimates they will account for the equivalent of 267,000 metric tons of carbon in its fiscal 2021.

Why Do Millennials Hate Salesforce Stock?
Wed, 28 Apr 2021 12:34:00 +0000
The top stock picks by millennials and Robinhood investors are often some of the highest-profile stocks on the market. Apple, Tesla, Facebook, and Disney make most top-25 lists for millennial investors, and then there are meme stocks thrown in, like AMC, GameStop, and Sundial Growers. One stock that should be right up the alley of millennial investors is Salesforce (NYSE: CRM), the software-as-a-service (SaaS) stock that powers companies worldwide.

What Is salesforce.com, inc.'s (NYSE:CRM) Share Price Doing?
Wed, 28 Apr 2021 06:33:59 +0000
salesforce.com, inc. ( NYSE:CRM ) saw a double-digit share price rise of over 10% in the past couple of months on the…

Amazon stock is exciting for these two reasons: analyst
Tue, 27 Apr 2021 18:53:37 +0000
Amazon's stock is still undervalued, says this top-ranked Wall Street tech analyst.

Thoma Bravo in Talks to Back Illumio at $2.9 Billion Value
Tue, 27 Apr 2021 01:23:12 +0000
(Bloomberg) — Cybersecurity startup Illumio Inc. is in talks to raise about $250 million in a funding round that values the company at about $2.9 billion, according to people with knowledge of the matter.Private equity firm Thoma Bravo is poised to lead the latest funding round for the Sunnyvale, California-based company, said the people, who requested anonymity because the information is private.An Illumio representative didn’t immediately respond to a request for comment, while a Thoma Bravo spokesperson declined to comment.Closely-held Illumio in February said it had a strong fiscal year ending Jan. 31, reporting an over 100% jump in international annual recurring revenue and a fourth quarter that was its strongest ever.The startup, led by co-founder and Chief Executive Officer Andrew Rubin, said more than 10% of Fortune 100 companies — including Morgan Stanley, BNP Paribas SA and Salesforce.com Inc. — rely on it to protect their data centers, networks and other applications against cyberattacks.Read more: BlackRock, Tudor Group Back Cybersecurity Startup Deep InstinctIllumio has previously raised capital from clients advised by J.P. Morgan Asset Management as well as venture firms including Andreessen Horowitz, General Catalyst, 8VC, Accel and DCVC.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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