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Salesforce.Com Crosses Below its 10-day MA (CRM)

By David Diaz

Today, shares of Salesforce.Com (NYSE:CRM) have fallen below their 10-day MA of $161.79 on a volume of 139K 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 $167.56 and a 52-week low of $113.60 and are now trading 41% above that low price at $160.30 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Salesforce.Com on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $134.75. Since that recommendation, shares of Salesforce.Com have risen 20.3%. 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