TMCnet News
salesforce.com Set to Possibly Rebound After Yesterday's Selloff of 1.78%Dec 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- salesforce.com (NYSE:CRM) traded in a range yesterday that spanned from a low of $165.26 to a high of $169.68. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $167.48 on volume of 928,000 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 9.7%. 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, shares of salesforce.com have traded between a low of $95.16 and a high of $172.75 and are now at $166.34, which is 75% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%. 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 |