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CRM trade ideas

Option Traders bet big on Salesforce.The cloud stocks have all fallen out of favour as a result of what is considered high valuations, there has been a obvious rotation inot value rather than growth, CRM has been hit like all others. Despite this todays action in the options markets are extremely bullish with enormous call options traded with a $170 strike price. Technically the chart is hitting heavy resistance, with convergence of Fib and downtrend resistance. Indicators are bullish but a high volume trading session is needed to break the aforementioned resistance level. Good R/R trade entry level $157.50 Target price $170 Average price target $187 Very achievable by year end, if the cloud stocks get their mojo back. P/e ratio 128 - Very high but historically it has been forgiven Company profile Salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
NYSE:CRMLong
by Bullishcharts
$CRM SALESFORCE BULLISH INTO EARNINGS.======NEAR-TERM TARGET $165=====. BREAKOUT LEVEL $168 BREAKOUT PRICE TARGET $185 Salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
NYSE:CRMLong
by Bullishcharts
Bargain hunters will pick up Salesforce quickly.In the course of the last week, software, hardware and cloud stocks have taken a considerable hit, selling off at a much higher level to the market. Salesforce has now dropped 15% in 1 week, which may be very appealing to those who had previously missed out. It does carry a lofty P/E ratio of 98 but is still on a very aggressive growth path, when the market turns CRM will just keep going higher. AVERAGE ANALYSTS PRICE TARGET $183 AVERAGE ANALYSTS RECOMMENDATION buy P/E RATIO 98 SHORT INTEREST 3% COMPANY PROFILE salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
NYSE:CRM
by RedHotStocks
CRM 13 RRR longTrading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
NYSE:CRMLong
by fiboracle
1
CRM stock trend would be in falling section tomorrow.19-JUL www.pretiming.com Investing position: In Rising section of high profit & low risk so far. But it would be in falling section tomorrow S&D strength Trend: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again. Forecast D+1 Candlestick Color : RED Candlestick %D+1 Range forecast: 0.9% (HIGH) ~ -0.9% (LOW), -0.2% (CLOSE) %AVG in case of rising: 1.6% (HIGH) ~ -0.7% (LOW), 1.2% (CLOSE) %AVG in case of falling: 0.6% (HIGH) ~ -1.9% (LOW), -1.0% (CLOSE)
NYSE:CRM
by pretiming