SALESFORCE.COM
(CRM-NYSE):
Technical Viewpoint: From a low
of $124.23 on Mar 18, 2011 prices
rallied, reaching a
high of $142.46
on Apr 23, 2011. A
decline saw prices pull back, reaching a
low of
$127.25 on May 17, 2011.
Another rally saw prices penetrate
resistance, closing 5/20/11
at $146.61. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 20, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $137.50. Resistance: Is at $none.
Point & Figure: Reversed to the upside on May 18, 2011. A P&F upside
reversal takes place at $146.00. Summary: Technical indicators have turned bullish. BUY! Salesforce.Com
(CRM-NYSE) @ $149.75 Stop: Use a protective stop of $146.87.
Salesforce.Com is currently trading @ $146.61 plus $10.80 on May 20, 2011. Price Objective:
$175.00. Risk/Reward: $2.88 VS. $25.25. Today's Risk Reward Ratio: 9:1
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