Get started

CRM

CRM: Could be breaking out of the consolidation soon!Price broke out of a down channel back in beginning of May, and it went into a consolidation for coming to 2 months. CRM will be reporting their Earnings on 25th, and price could gap up. Stop loss can be placed below $237 . Target will be at $270. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NYSE:CRMLong
by leslieyimsm
Trade Idea on CRM - Trading the Flag PatternHi! Today we will share with you a trade idea (real setup we will execute on CRM) First, let's understand what we can see here from a technical perspective. a) The price was inside an expanding structure defined by the dynamic support-resistance trendline (white line) and the support level. b) After a huge GAP that broke the expanding structure, we observed a 270 days consolidation (Flag Pattern). c) In June, we saw the breakout of the Flag Pattern that tends to anticipate the beginning of a new movement once the price reaches a specific confirmation level (ABOVE "B") d) Based on the previous items, we have defined pending orders above "B" and stop loss below "C" the key idea of these levels is that they are on price levels that provide good confirmations in term of broken levels. This type of approach increases the possibility of success. e) What about the target? We have used a principle developed by Elliott, "New Impulses have correlations with the previous ones." In this case, using the previous impulse (Before the Flag Pattern), we can draw Fibonacci Extensions (nothing more than fixed proportions) to define 2 targets. f) How long can it take this movement if everything goes as expected? Between 200 and 350 days. g) How much do you risk in a setup like this? ALWAYS 1% OF our capital, never more. What does it mean? If you have a 10.000USD balance, you want to have a maximum loss of 100USD if the price reaches the stop loss. Is this a forecast? Not at all; this is a scenario that our system tells us, "Here you have a 50% chance of having a winning setup, with a risk-reward ratio of 2.36" With that clear, this is a bet we will take 100 times. The most probable thing is that we will be wrong 50 times and right other 50. Our main goal is developing a positive expectancy over the long term. In other words, "an edge." Thanks for reading!
NYSE:CRMLong
by ThinkingAntsOk
1
Salesforce - Strong Buy!-Salesforce's (NYSE:CRM) stock recently popped after the cloud services company posted its earnings report for the first quarter of fiscal 2022. Its revenue rose 23% year-over-year to $5.96 billion, beating estimates by $70 million, and grew 20% on a constant currency basis. -Its non-GAAP earnings increased 73% to $1.21 per share, which cleared expectations by $0.33, as its GAAP earnings more than quadrupled to $0.50 per share. Gains from its strategic investments boosted its non-GAAP and GAAP earnings by $0.24 and $0.23 per share, respectively. -Salesforce's revenue growth accelerated from its 20% growth in the fourth quarter of fiscal 2021. It also surpassed its own guidance for about 21% growth, which had already been raised in the fourth quarter. Its revenue increased by the double digits across all four of its core businesses. -Salesforce's operating cash flow jumped 76% year-over-year to $3.2 billion during the first quarter, while its free cash flow soared 99% to $3.1 billion. It usually generates its strongest cash flow growth in the fourth and first quarters, since that's when it usually collects its annual fees. -Nonetheless, Salesforce's year-over-year growth remains robust, and indicates it can still easily fund new investments and acquisitions. Its cash, cash equivalents, and marketable securities climbed 53% year-over-year to $15 billion during the quarter.
NYSE:CRMLong
by caldooninvestment
21
CRM stocks on the way to ATH again?Hi every one SALEFORCE This the SALEFORCE.COM INC stocks. this company's central office is in san Francisco ,USA. recent reports of this company has been very Impressive! on the technical side we can see that the Price has been In a Descending channel for a few months. but now the price has managed to break this channel upwardly so there is a strong chance the price of the stocks would Increase from this Point. the price can easily Increase to It's ATH once again! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
NYSE:CRMLong
by CobraVanguard
16
CRM - Sales losing the Force..-Since the start of the year tech stocks have taken two legs down, in late February and now, in early May. CRM stock has joined the party both times. It’s down 3% on the year, while the average S&P stock is up 11%. -It’s due to investors rotating out of expensive stocks and into those benefitting from the end of the pandemic or President Joe Biden’s Administration’s infrastructure plans. Even with this latest fall, Salesforce stock sells at 49 times its earnings. That won’t change at its next report on May 27, with 42 cents of net income expected on $5.89 billion of revenue. -When the pandemic was on, investors piled into the few names that were making money. Cloud application stocks like Salesforce were among those names. CRM stock peaked at $281.25 per share in late August into early September. Over the last year, you’re still up 32%. -But there are a lot more places for investors to make money now. You can buy a steel stock like Cleveland-Cliffs (NYSE:CLF). You can buy a cement stock like U.S. Concrete (NASDAQ:USCR). You can even grab a cruise line like Royal Caribbean (NYSE:RCL) and be rolling in profits. -The light is still on at Salesforce. There’s a succession plan in place, with 42-year old Bret Taylor on tap to replace co-founder Marc Benioff as CEO. Top line growth is still averaging 20%, the company continues to make money. -Salesforce profits would be higher, except it’s paying a massive $27.7 billion to buy Slack (NYSE:WORK) and compete more closely in office applications. This is not a bad idea. It’s just bad timing right now to go for growth when the market wants margins. That will change and, when it does, Salesforce stock will likely come back. BOTTOM LINE: -Tech valuations are compressing. It’s not a mirage. There’s no need to pay 49 times earnings for 20% growth when hundreds of companies are going from loss to profit and, at least in the near term, growing just as fast. Credit: Dana Blankenhorn Our Opinion: We keep our target at around: $185-190
NYSE:CRMShort
by caldooninvestment
9