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Salesforce.Com Bearish Moving Average Crossover Alert (CRM)

By David Diaz

Salesforce.Com (NYSE:CRM) shares have crossed bearishly below their 10-day moving average of $116.31 on a volume of 738K shares. This may provide short-term investors a chance 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 $128.87 and a 52-week low of $66.43 and are now trading 73% above that low price at $115.16 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

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