TMCnet - World's Largest Communications and Technology Community


TMCNET eNEWSLETTER SIGNUP Set to Possibly Rebound After Yesterday's Selloff of 2.14%
[February 20, 2013] Set to Possibly Rebound After Yesterday's Selloff of 2.14%

Feb 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- (NYSE:CRM) traded in a range yesterday that spanned from a low of $171.06 to a high of $175.62. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $171.56 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

In the past 52 weeks, share prices have been bracketed by a low of $120.18 and a high of $178.91 and are now at $171.08, 42% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.45. Since that recommendation, shares of have risen 13.2%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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:

[ Back To's Homepage ]

Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2015 Technology Marketing Corporation. All rights reserved | Privacy Policy