SALESFORCE.COM
(CRM-NYSE):
Technical Viewpoint: From a low
of $45.59 on Nov 9, 2007 prices
rallied, reaching a
high of $58.00
on Nov 20, 2007. A
decline saw prices pull back, reaching a
low of
$51.55 on Nov 27, 2007.
Another rally saw prices penetrate
resistance, closing 11/30/07
at $56.73. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 30, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $52.00. Resistance: Is at $58.00.
Point & Figure: Reversed to the upside on Nov 28, 2007. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! SALESFORCE.COM
(CRM-NYSE) @ $57.75 Stop: Use a protective stop of $55.25.
SALESFORCE.COM is currently trading @ $56.73 plus $1.47 on Nov 30, 2007. Price Objective:
$67.50. Risk/Reward: $2.50 VS. $9.75. Today's Risk Reward Ratio: 4:1
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