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salesforce.com Crosses Above its 10-day MA (CRM)

By David Diaz

salesforce.com (NYSE:CRM) shares have crossed bullishly above their 10-day moving average of $78.10 on a volume of 2.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of salesforce.com have traded between a low of $52.60 and a high of $84.48 and are now at $78.72, which is 50% above that low price. 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 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