TMCNet:  After Yesterday's Rally of 4.15% Shares Could Potentially Pullback

[December 11, 2012]

After Yesterday's Rally of 4.15% Shares Could Potentially Pullback

Dec 11, 2012 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (NYSE:CRM) traded in a range yesterday that spanned from a low of $158.35 to a high of $165.89. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $158.71 on volume of 4.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


Over the past year, salesforce.com has traded in a range of $94.09 to $165.89 and is now at $165.01, 75% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for salesforce.com and will alert subscribers who have CRM in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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