Salesforce (CRM) Offering Possible 18.76% Return Over the Next 36 Calendar Days

Salesforce’s most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $230.00 short call and a strike $250.00 long call offers a potential 18.76% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $3.16 would be kept by the premium seller. The risk of $16.84 would be incurred if the stock rose above the $250.00 long call 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 34.27 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.com (CRM) Stock Sinks As Market Gains: What You Should Know
Tue, 12 Jan 2021 22:50:10 +0000
In the latest trading session, Salesforce.com (CRM) closed at $215.52, marking a -1.25% move from the previous day.

Where Will Salesforce Be in 5 Years?
Tue, 12 Jan 2021 16:24:37 +0000
Salesforce’s (NYSE: CRM) stock has tripled over the past five years as it’s impressed investors with its robust revenue growth and stabilizing profits. Salesforce controlled 19.8% of the global customer relationship management (CRM) market in the first half of 2020, according to IDC. The firm has named Salesforce the market leader for seven straight years.

Top Stocks for 2021
Tue, 12 Jan 2021 16:07:00 +0000
In this episode of Industry Focus: Wildcard, our theme week continues as host Jason Moser and Motley Fool Ventures Vice President Brendan Mathews dive into two more stocks they think investors should have at the top of their list for 2021. To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.

Salesforce Introduces Loyalty Management to Help Drive More Meaningful Customer Loyalty Experiences
Tue, 12 Jan 2021 13:15:00 +0000
Salesforce (NYSE: CRM), the global leader in CRM, today announced Loyalty Management, a new product for companies across industries, including retail, consumer goods, manufacturing, travel and hospitality, to increase customer trust and engagement. Built on the Salesforce Customer 360 Platform, Loyalty Management allows companies to build intelligent loyalty programs for both B2B and B2C customers with a flexible, configurable and quickly deployable solution that fits their specific needs. With Loyalty Management, companies can provide more personalized consumer experiences, evolve their loyalty programs to stay current with customer expectations and help drive business value by creating loyal, lifelong customers.

Salesforce Reveals 2020 was the Biggest Holiday Season Ever for Digital Sales, Up 50 Percent Year-Over-Year to $1.1 Trillion Globally
Tue, 12 Jan 2021 13:00:00 +0000
Salesforce (NYSE: CRM), the global leader in CRM, today released its 2020 Holiday Shopping Report, highlighting data and trends that shaped the holiday season and will impact how consumers shop in 2021. Salesforce data shows a 50 percent increase in digital spend over the 2019 shopping season, making it one of the biggest digital holiday shopping seasons to date. Consumers spent $1.1 trillion online worldwide and $236 billion in the U.S., compared to $723 billion worldwide and $165 billion in the U.S. in 2019.

Be Sociable, Share!

Related Posts