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Salesforce.Com (CRM) Approaches New Downside Target of $94.81

By James Quinn

Salesforce.Com (NYSE:CRM) has opened bearishly below the pivot of $95.79 today and has reached the first level of support at $95.41. Analysts will be watching for a cross of the next downside pivot targets of $94.81 and $93.83.

Over the past year, Salesforce.Comhas traded in a range of $0.00 to $96.17 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

Salesforce.Com has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $102.40. The stock should find initial resistance at its 200-day moving average (MA) of $73.15 and further resistance at its 50-day MA of $73.56.

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 5.9%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts salesforce.com

Ticker(s): CRM