salesforce.com Bearish Moving Average Crossover Alert (CRM)
salesforce.com (NYSE:CRM) crossed under its 10-day moving average of $73.52 on a volume of 5.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
salesforce.com share prices have moved between a 52-week high of $84.48 and a 52-week low of $52.60 and are now trading 37% above that low price at $72.03 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.
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