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Recent 52-Week High Exceeded in Shares of Salesforce.Com (CRM)

By David Diaz

Salesforce.Com (NYSE:CRM) traded at a new 52-week high today of $139.15. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 4.8 million shares.

Salesforce.Com share prices have moved between a 52-week high of $139.15 and a 52-week low of $83.55 and are now trading 66% above that low price at $139.09 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

salesforce.com, inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use salesforce.com to manage their customer, sales and operational data.

Potential upside of 0.2% exists for Salesforce.Com, based on a current level of $139.09 and analysts' average consensus price target of $139.32. The stock should discover initial support at its 50-day moving average (MA) of $125.84 and subsequent support at its 200-day MA of $111.14.

SmarTrend recommended that subscribers consider buying shares of Salesforce.Com on May 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $123.34. Since that recommendation, shares of Salesforce.Com have risen 10.7%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows salesforce.com

Ticker(s): CRM