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Salesforce.Com Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Salesforce.Com (NYSE:CRM) traded today at a new 52-week high of $95.88. So far today approximately 503,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

There is potential upside of 7.2% for shares of Salesforce.Com based on a current price of $95.56 and an average consensus analyst price target of $102.40. Salesforce.Com shares have support at the 50-day moving average (MA) of $73.56 and additional support at the 200-day MA of $73.15.

salesforce.com, inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use salesforce.com to manage their customer, sales and operational data.

In the past 52 weeks, Salesforce.Com share prices have been bracketed by a low of $66.43 and a high of $95.88 and are now at $95.56, 44% above that low price. Over the past week, 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 July 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.68. Since that recommendation, shares of Salesforce.Com have risen 5.3%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows salesforce.com

Ticker(s): CRM