[May 24, 2013] Downgrade Alert for salesforce.com (CRM) Tweet May 24, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- salesforce.com (NYSE:CRM) was downgraded from Outperform to Neutral at Wedbush today. The stock closed yesterday at $45.69 on volume of 11.2 million shares, above average daily volume of 4.1 million. salesforce.com (NYSE:CRM) has potential upside of 10.0% based on a current price of $45.69 and analysts' consensus price target of $50.24. The stock should discover initial support at its 50-day moving average (MA) of $42.96 and subsequent support at its 200-day MA of $40.59. In the past 52 weeks, salesforce.com share prices have been bracketed by a low of $30.05 and a high of $47.58 and closed yesterday at $45.69, 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has remained constant. Salesforce.com, Inc. provides application services that allow organizations to share customer information on demand. The Company provides a customer relationship management service to business of all sizes and industries worldwide. 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 [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 [ Back To TMCnet.com's Homepage ]