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TMCNet:  After Yesterday's Rally of 8.83% Shares Could Potentially Pullback

[November 21, 2012]

After Yesterday's Rally of 8.83% Shares Could Potentially Pullback

Nov 21, 2012 (SmarTrend(R) News Watch via COMTEX) -- (NYSE:CRM) traded in a range yesterday that spanned from a low of $149.80 to a high of $159.09. Yesterday, the shares gained 8.8%, which took the trading range above the 3-day high of $149.57 on volume of 7.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, share prices have been bracketed by a low of $94.09 and a high of $164.75 and are now at $158.66, 69% above that low price. The 200-day and 50-day moving averages have moved 0.40% higher and 0.08% lower over the past week, respectively.

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

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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