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Bearish Moving Average Cross by Salesforce.Com (CRM)

By Shiri Gupta

Salesforce.Com (NYSE:CRM) shares have crossed bearishly below their 10-day moving average of $148.41 on a volume of 101K 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.

Salesforce.Com share prices have moved between a 52-week high of $167.56 and a 52-week low of $113.60 and are now trading 30% above that low price at $147.61 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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