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

By Nick Russo

Salesforce.Com (NYSE:CRM) traded today at a new 52-week high of $147.01. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 5.8 million shares.

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.

Salesforce.Com share prices have moved between a 52-week high of $147.01 and a 52-week low of $87.26 and are now trading 68% above that low price at $146.91 per share. The 200-day and 50-day moving averages have moved 0.63% higher and 1.03% higher over the past week, respectively.

Salesforce.Com (NYSE:CRM) is currently priced 5.2% above its average consensus analyst price target of $139.32. The stock should discover initial support at its 50-day moving average (MA) of $132.76 and subsequent support at its 200-day MA of $115.22.

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: 52 week high/lows salesforce.com

Ticker(s): CRM