Get started
SALESFORCE.COM INCSALESFORCE.COM INCSALESFORCE.COM INC

SALESFORCE.COM INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

CRM trade ideas

Inverse Head and ShouldersCRM appears to be struggling big time at the neck line. 2 strikes so far. Long entry level is a break of the neckline with an uptrend in tact. Inverse head and shoulder bottoms usually do well in a bull market, but not so hot in a bear market. Possible stop below 223.60 or last pivot low. or the lowest shoulder depending on how conservative you are with stops. The top wicks on the 2 attempts to break the neckline are long with one resembling a shooting star. The bulls fought to get price to the top of the top wick, but the bear took took them to a price below the open that day which is the top of the body on a red candle. The top wick representing the high of the day and the bottom shadow/wick representing the low for the session. No recommendation
NYSE:CRM
by lauralea
5
Salesforce Inc - Q1 Results Supportive of Technical StructureSalesforce recently reported it's Q1 results with reported revenue of $5.96 billion up 23% from a year ago. The top-line figure came in ahead of both the company’s guidance range of $5.875 billion to $5.885 billion and the Street consensus at $5.89 billion. According to Barron's, 'for the January 2022 fiscal year, the company sees revenue of $25.9 billion to $26 billion, with non-GAAP profits of $3.79 to $3.81 a share, ahead of the former Street consensus at $25.8 billion and $3.43. The company said the full year includes about $500 million in contributions from Slack Technologies. Salesforce expects its acquisition of Slack to close toward the “very end” of the fiscal second quarter.' “We had the best first quarter in our company’s history,” CEO Marc Benioff said in a statement. “We’re on our path to reach $50 billion in revenue in FY 2026.” Technically , the share has been in a multi-month downward channel, peaking at 284.50 in September 2020 however on the back of the earnings release, the share breached the channel which was followed by a back-test/re-test. We also note the share breaching the mid-point of a 'W' formation, further supporting a directional shift from neutral to moderately bullish. The share is a buy provided $229 is held. On the upside, the targets are the $252 to $263 range. Last: $238.14
NYSE:CRMLong
by LD_Perspectives
Trading Idea - #Salesforce short-termBUY ENTRY: 217.60 USD TARGET: 234.56 USD (+8 % profit) STOP: 207.66 USD Salesforce is the world's leading provider of customer relationship management (CRM) software. 1.) Testing the support at $ 209.95 provides good timing for buying the security. 2.) The growth in recent years is one of the company's strengths. A further growth of 70% is forecast over the next 3 years (until 2004). 3.) Salesforce is in a great financial position, which gives it immense investment capacity. 4.) But beware! The ratio of "company value to sales" places the company among the world's most expensive companies. 5.) The trend in the last 10 months is clearly negative. Therefore, I only see a short-term buying opportunity. 6.) With a clear breakout of the downward channel, new possibilities arise!
NYSE:CRMLong
by Traderherz-Analytics
Inverse Head and Shoulders Earnings 5-27 AMCCRM also appears to be in a shark pattern, but would need to break the neckline with an uptrend in place to meet long entry level for the Inverse Head and Shoulders pattern. LS 285 Head 201.51 RS 208.91 A Belthold candle pattern is bullish, and when found at the bottom can serve as a bullish short term reversal candle. This candle has no lower shadow and closes near the high. It is risky to trade close to earnings, as we know as security can beat and still go down. If you wanted to trade the shark pattern, you could place a stop under C. This could make it to B, but it will ht the resistance of the neckline eventually. When price breaks the neckline, it will become support. There is a pocket pivot under price, but a little ways below it now (green triangle) No recommendation Fear can squelch desire Desire can conquer fear (o:
NYSE:CRM
by lauralea
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