Salesforce(CRM)... Time to cut their lunch short ??
Updated
Up nearly 18% in just over a month. +70% YTD
They report tonight and are probably strong today on other tech gains from last night's earnings report.
$2.05 expected versus last of $1.90. No dividend.
I would like to establish a short in the $232-$233 area as this sets up an Bearish Alternative Bat.(Anti Bat)
RSI also getting a little up there.
Momentum could roll over any time.
Watching... not investment advice . DYOD.
I will watch and advise.
S.
Order cancelled
Well that's a good lesson... as I did to wait until the news is out. CRM traded +8% overnight and has given some of that back as longs sell and shorts cover.I still think this is over extended as there is no apparent pattern I shall step aside
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Final comment on this.... it's still O/B IMHO.S.
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