Where is the R/R in CRM?
Technically Speaking
Salesforce is holding the 100 WMA. A move to the 2016 high print would be about a 12% move.
To the downside, minor support is at 68 with 64 being the key support level, in my view.
Where is the R/R?
For me, this stock is in no-man's land. For a long position I would rather wait for 68 or 64.
Of course, it may never get there, it might just shoot right on up and make new highs. You have to decide if that's a risk you will take.
Fundamentals
Here is a nice write up about the latest earning release.
Salesforce is holding the 100 WMA. A move to the 2016 high print would be about a 12% move.
To the downside, minor support is at 68 with 64 being the key support level, in my view.
Where is the R/R?
For me, this stock is in no-man's land. For a long position I would rather wait for 68 or 64.
Of course, it may never get there, it might just shoot right on up and make new highs. You have to decide if that's a risk you will take.
Fundamentals
Here is a nice write up about the latest earning release.
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