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Salesforce.Com Bearish Moving Average Crossover Alert (CRM)

By Nick Russo

Salesforce.Com (NYSE:CRM) shares have crossed bearishly below their 10-day moving average of $159.57 on a volume of 453K 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 $166.99 and is now at $158.91, 40% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Salesforce.Com and will alert subscribers who have CRM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses salesforce.com

Ticker(s): CRM