TMCnet News
SmarTrend Watching for Potential Rebound in Shares of salesforce.com After 2.14% LossFeb 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (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. SmarTrend recommended that subscribers consider buying shares of salesforce.com 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 salesforce.com have risen 13.2%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. In the past 52 weeks, salesforce.com 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. The 200-day and 50-day moving averages have moved 0.12% higher and 0.43% higher over the past week, respectively. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |