Salesforce (CRM) Offering Possible 31.23% Return Over the Next 29 Calendar Days

Salesforce’s most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 31.23% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $2.38 would be kept by the premium seller. The risk of $7.62 would be incurred if the stock dropped below the $130.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Salesforce is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Salesforce is bearish.

The RSI indicator is at 39.02 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Salesforce

Salesforce’s Marc Benioff tells S.F.’s tech billionaires: Do more
Tue, 16 Oct 2018 14:22:42 +0000
“There’s a group of people in the city who are willing to give,” said Benioff at Wired’s 25th anniversary summit on Monday. “And there’s a group of people in the city who don’t.”

Adobe Stock Is Floating in the Sunny Skies of the Cloud
Tue, 16 Oct 2018 14:13:23 +0000
Few have done so as spectacularly as Adobe Systems (NASDAQ:ADBE). John Warnock and Charles Geschke founded Adobe around PC tools like PostScript and Photoshop. Adobe said Oct. 15 it expects top-line growth of 20% next year, to $10.8 billion, well above previous analyst estimates, and the stock rose almost 6% in response.

See what the IHS Markit Score report has to say about Inc.
Tue, 16 Oct 2018 12:03:42 +0000 Inc NYSE:CRM to add 600 jobs in Atlanta, renames building ‘Salesforce Tower’
Tue, 16 Oct 2018 10:47:26 +0000
Salesforce has been a tenant in the building for several years. In 2015, it began expanding by building-out more office space on the 31st floor. It hasn’t slowed down since.

Salesforce Announces Salesforce Tower Atlanta, Commits to Adding 600 New Local Jobs
Tue, 16 Oct 2018 04:01:00 +0000
ATLANTA, Oct. 16, 2018 /PRNewswire/ — Salesforce (CRM), the global leader in CRM, today announced Salesforce Tower Atlanta, significantly expanding the company’s regional headquarters in Atlanta. As part of the expansion, Salesforce plans to add 600 new jobs locally, over the next five years, helping fuel the city’s economic development.

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