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SmarTrend Watching for Potential Rebound in Shares of salesforce.com After 1.84% LossJan 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (NYSE:CRM) traded in a range yesterday that spanned from a low of $166.12 to a high of $170.27. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $167.27 on volume of 1.9 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, salesforce.com share prices have been bracketed by a low of $102.27 and a high of $174.96 and are now at $166.89, 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.3%. 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 10.1%. 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 [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 |