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TMCNet: Rises 2.54% on Heavy Volume: Watch For Potential Pullback

[November 16, 2012] Rises 2.54% on Heavy Volume: Watch For Potential Pullback

Nov 16, 2012 (SmarTrend(R) News Watch via COMTEX) -- (NYSE:CRM) traded in a range yesterday that spanned from a low of $140.15 to a high of $144.90. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $143.82 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. share prices have moved between a 52-week high of $164.75 and a 52-week low of $94.09 and are now trading 53% above that low price at $144.30 per share. The 200-day and 50-day moving averages have moved 0.40% higher and 0.08% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of on September 26th, 2012 by issuing a Downtrend alert when the shares were trading at $148.80. Since that call, shares of have fallen 5.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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