Steady Trader Daily Hot Tech-Stock: Salesforce.com looks heavy

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Steady Trader Daily Hot Tech-Stock: Salesforce.com looks heavy

By serge berger — Author

Salesforce.com - CRM

CRM isn't scheduled to report earnings until late August, which give this stock some time to potentially work lower ahead of then. On the daily chart note that the stock is still holding its summer 2013 up-trend, but that it looks to have developed an important lower high in early July, as it retraced 61.80% of the February - April sell-off. A break below the 2013 trend line could easily get this stock moving into the mid to high $40s.

Posted to Hot Tech Stocks to Watch on Jul 18, 2014 — 7:07 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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