Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $245.00 short put and a strike $240.00 long put offers a potential 51.52% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $245.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $240.00 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 35.8 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Salesforce
Salesforce Announces Digital 360–Transforming Customer Engagement for the All-Digital, Work from Anywhere World
Wed, 23 Sep 2020 04:01:00 +0000
Salesforce (NYSE: CRM), the global leader in CRM, today announced Digital 360, bringing together key components and new innovations in the Salesforce Customer 360 platform to help digital leaders transform their customer engagement and accelerate growth in the all-digital, work-from-anywhere world. Digital 360 is made stronger with expert services, a broad partner ecosystem, as well as new learning resources on Trailhead.
Is Adobe Stock A Buy Right Now? Here's What Earnings, ADBE Chart Show
Tue, 22 Sep 2020 21:50:11 +0000
Adobe successfully pivoted to cloud-based subscriptions. But new acquisitions raise risks. Is Adobe stock a buy?
Salesforce Reimagines Sales With Enhanced Virtual Selling Suite
Tue, 22 Sep 2020 13:00:00 +0000
Seven months into the COVID-19 pandemic, the nature of B2B buying and selling has changed, and companies are eager to re-accelerate growth. That's why today, Salesforce (NYSE: CRM), the global leader in CRM, announced a new suite of technologies to empower sales teams to stand out from the pack and provide engaging and trusted buying experiences for customers.
Software Growth Stocks To Buy As The Bubble Deflates, Economy Rebounds
Tue, 22 Sep 2020 12:00:49 +0000
Software growth stocks rallied amid Covid-19 owing to recurring revenue. As the software bubble deflates and the economy rebounds, digital transformation projects will drive growth.
Akamai Technologies Shows Rising Relative Strength, Touches 21-Day
Mon, 21 Sep 2020 12:35:00 +0000
Akamai Technologies shows rising price performance, earning an upgrade to its IBD Relative Strength Rating
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