Contact Center Solutions Industry News

TMCNet:  salesforce.com Set to Possibly Pullback After Yesterday's Rally of 8.83%

[November 21, 2012]

salesforce.com Set to Possibly Pullback After Yesterday's Rally of 8.83%

Nov 21, 2012 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (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, shares of salesforce.com have traded between a low of $94.09 and a high of $164.75 and are now at $158.66, which is 69% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

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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