Salesforce (CRM) Offering Possible 23.3% Return Over the Next 28 Calendar Days

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Salesforce’s most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 23.3% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.89 would be kept by the premium seller. The risk of $8.11 would be incurred if the stock dropped below the $145.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Salesforce is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Salesforce is bullish.

The RSI indicator is at 69.03 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Salesforce

/C O R R E C T I O N — Salesforce/
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In the news release, Salesforce Chairman and Co-CEO Marc Benioff to Speak at the 2019 Goldman Sachs Technology and Internet Conference, issued 11-Feb-2019 by Salesforce over PR Newswire, we are advised …

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Tue, 12 Feb 2019 22:45:10 +0000
In the latest trading session, Salesforce.com (CRM) closed at $162.79, marking a +1.8% move from the previous day.

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