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salesforce.com (CRM) Crosses Pivot Point Resistance at $139.35
[August 10, 2012]

salesforce.com (CRM) Crosses Pivot Point Resistance at $139.35

Aug 10, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of salesforce.com (NYSE:CRM) have bullishly opened above the pivot of $137.36 today and have reached the first resistance level of $139.35. Analysts will be watching for a cross of the next upside pivot targets of $140.94 and $144.52.

salesforce.com (NYSE:CRM) has potential upside of 23.7% based on a current price of $140.20 and analysts' consensus price target of $173.38. The stock should find initial support at its 50-day moving average (MA) of $132.55 and further support at its 200-day MA of $132.31.

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 49% above that low price at $140.20 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.


SmarTrend is monitoring the recent change of momentum in salesforce.com. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of salesforce.com in search of a potential trend change.

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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