$CRM Expensive, but some ST value (4/5)
Conviction: 4/5
Main Risk: Riding top of channel since inception (2004)
Quite expensive P/S of 8.5 relative to S&P500 of about 3
Thesis:
Seems to be trading in range since surge in 1/2 half of 2020, now at the bottom of range in the last year.
RSI-W at very attractive levels.
Trading between 100WMA and 200WMA and have never gone below 200WMA after recession of 2008.
Seems like a good play.
Main Risk: Riding top of channel since inception (2004)
Quite expensive P/S of 8.5 relative to S&P500 of about 3
Thesis:
Seems to be trading in range since surge in 1/2 half of 2020, now at the bottom of range in the last year.
RSI-W at very attractive levels.
Trading between 100WMA and 200WMA and have never gone below 200WMA after recession of 2008.
Seems like a good play.
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