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salesforce.com Bearish Moving Average Crossover Alert (CRM)

By Nick Russo

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

Ticker(s): CRM