Potential Salesforce.com (CRM) Trade Targets
Market Intelligence Center is reporting a potential Salesforce (NYSE: CRM) trade target at 49.35% return. As noted in the brief update in the
recent stock profile news on the site, technical indicators for the stock are Bearish and S&P gives CRM a positive 4 STARS (out of 5) buy rating.
“Salesforce.com inc (NYSE: CRM) closed Monday's trading session at $124.42. In the past year, the stock has hit a 52-week low of $73.91 and 52-week high of $151.26. Salesforce.com stock has been showing support around $115.91 and resistance in the $130.41 range. Technical indicators for the stock are Bearish and S&P gives CRM a positive 4 STARS (out of 5) buy rating. For a hedged play on this stock, look at the May '11 $125.00 covered call for a net debit in the $115.62 area. That is also the break-even stock price for this trade.”
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