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SALESFORCE.COM
(CRM-NYSE):
Technical Viewpoint: From a low
of $56.17 on Nov 2, 2009 prices
rallied, reaching a
high of $67.72
on Nov 16, 2009. A
decline saw prices pull back, reaching a
low of
$61.35 on Nov 27, 2009.
Another rally saw prices penetrate
resistance, closing 12/18/09
at $67.88. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 18, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $65.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 16, 2009. A P&F upside
reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! SALESFORCE.COM
(CRM-NYSE) @ $68.13 Stop: Use a protective stop of $65.63.
SALESFORCE.COM is currently trading @ $67.88 plus $3.00 on Dec 18, 2009. Price Objective:
$79.50. Risk/Reward: $2.50 VS. $11.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.50
Risk/Reward:
$2.50 VS. $11.37
Risk/Reward Ratio:
5:1
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