TMCnet News
Watch for salesforce.com to Potentially Pullback After Gaining 1.26% YesterdayDec 17, 2012 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (NYSE:CRM) traded in a range yesterday that spanned from a low of $164.66 to a high of $170.55. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $168.16 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. SmarTrend recommended that subscribers consider buying shares of salesforce.com on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.45. Since that recommendation, shares of salesforce.com have risen 8.0%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. salesforce.com share prices have moved between a 52-week high of $170.55 and a 52-week low of $94.09 and are now trading 80% above that low price at $168.92 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |