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

By Shiri Gupta

Salesforce.Com (NYSE:CRM) crossed under its 10-day moving average of $144.98 on a volume of 539K 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.

Over the past year, Salesforce.Com has traded in a range of $89.10 to $149.35 and is now at $144.37, 62% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.7%.

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