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

By James Quinn

salesforce.com (NYSE:CRM) crossed under its 10-day moving average of $82.89 on a volume of 455K 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.

In the past 52 weeks, salesforce.com share prices have been bracketed by a low of $52.60 and a high of $84.48 and are now at $82.29, 56% 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 recommended that subscribers consider buying shares of salesforce.com on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.99. Since that recommendation, shares of salesforce.com have risen 20.7%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses salesforce.com

Ticker(s): CRM