TMCNet:  salesforce.com Rises 1.09% on Heavy Volume: Watch For Potential Pullback

[May 01, 2013]

salesforce.com Rises 1.09% on Heavy Volume: Watch For Potential Pullback

May 01, 2013 (SmarTrend(R) News Watch via COMTEX) — salesforce.com (NYSE:CRM) traded in a range yesterday that spanned from a low of $41.12 to a high of $42.19. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $41.28 on volume of 6.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, salesforce.com has traded in a range of $30.05 to $46.99 and is now at $41.56, 38% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of salesforce.com on March 19th, 2013 by issuing a Downtrend alert when the shares were trading at $43.14. Since that call, shares of salesforce.com have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at [email protected] ——————————————————————————————— SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit https://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: https://www.MySmarTrend.com/signup

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