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

[November 16, 2012]

salesforce.com Rises 2.54% on Heavy Volume: Watch For Potential Pullback

Nov 16, 2012 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (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.

salesforce.com 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 salesforce.com on September 26th, 2012 by issuing a Downtrend alert when the shares were trading at $148.80. Since that call, shares of salesforce.com 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 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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