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Look for Shares of Salesforce.Com to Potentially Rebound after Yesterday's 3.43% Sell Off

By Amy Schwartz

Salesforce.Com (NYSE:CRM) traded in a range yesterday that spanned from a low of $137.94 to a high of $142.00. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $140.05 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Salesforce.Com. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Salesforce.Com in search of a potential trend change.

In the past 52 weeks, Salesforce.Com share prices have been bracketed by a low of $113.60 and a high of $167.56 and are now at $137.94, 21% 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 declined 0.3%.

Keywords: rebounders salesforce.com

Ticker(s): CRM