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Shares of Salesforce.Com Rise Above Previous 52-Week High

By James Quinn

Salesforce.Com (NYSE:CRM) traded today at a new 52-week high of $157.85. This new high was reached on below average trading volume as 1.4 million shares traded hands, while the average 30-day volume is approximately 4.8 million shares.

Salesforce.Com (NYSE:CRM) is currently priced 11.6% above its average consensus analyst price target of $139.32. Salesforce.Com shares have support at the 50-day moving average (MA) of $146.45 and additional support at the 200-day MA of $125.60.

In the past 52 weeks, Salesforce.Com share prices have been bracketed by a low of $92.11 and a high of $157.85 and are now at $157.59, 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

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.

SmarTrend recommended that subscribers consider buying shares of Salesforce.Com on August 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $147.21. Since that recommendation, shares of Salesforce.Com have risen 5.5%. 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