• Return to Headlines

Bearish Moving Average Cross by Salesforce.Com (CRM)

By Amy Schwartz

Today, shares of Salesforce.Com (NYSE:CRM) have crossed bearishly below their 10-day moving average of $143.56 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Salesforce.Com has traded in a range of $113.60 to $167.56 and is now at $140.00, 23% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Salesforce.Com. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Salesforce.Com in search of a potential trend change.

Keywords: moving crosses salesforce.com

Ticker(s): CRM