Salesforce’s most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $290.00 short put and a strike $270.00 long put offers a potential 17.65% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $290.00 by expiration. The full premium credit of $3.00 would be kept by the premium seller. The risk of $17.00 would be incurred if the stock dropped below the $270.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Salesforce is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Salesforce is bullish.
The RSI indicator is at 64.08 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Salesforce
Amazon Cloud CEO Tweaks Strategy Amid Microsoft, Google Rivalry
Wed, 17 Nov 2021 21:44:59 +0000
(Bloomberg) — New Amazon cloud chief Adam Selipsky plans to tailor more products to specific sectors such as the healthcare, automotive and telecommunications industries, a shift for a business that once focused on broader solutions that can be used by most customers.Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationHong Kong’s New Museum Tries to Please Art World — and BeijingElizabeth Holmes Faces Last-Ditch Chance to Testify at TrialChronically Underfunded
CNBC’s Final Trades: Macy’s, Salesforce, Oil & Gas ETF And Uber
Wed, 17 Nov 2021 12:22:40 +0000
On CNBC’s “Halftime Report Final Trades,” Jon Najarian named Macy’s Inc (NYSE: M) as his pick, saying that he had bought the 32 December calls. Bryn Talkington of Requisite Capital Management choose SPDR S&P Oil & Gas Exploration & Production ETF (NYSE: XOP). “You can sell the February 116 calls, get 5% income, you’ve a total return if it gets called away of around 14% for three months,” she said. Jason Snipe of Odyssey Capital Advisors named salesforce.com, inc. (NYSE: CRM), saying that this wa
BioMed Realty acquires Tableau’s headquarters building on Lake Union
Wed, 17 Nov 2021 02:31:00 +0000
With Tableau parent company Salesforce expected to lean heavily into remote work, the acquisition by a life science real estate company portends a change of use for the property.
Slack CEO on being bought by Salesforce: ‘Synergy is the adaptability and agility customers want’
Tue, 16 Nov 2021 15:51:37 +0000
Slack CEO Stewart Butterfield joins Yahoo Finance Live to speak on Salesforce’s acquisition of the workspace platform and the integrations businesses and customers should look forward to on the app.
This Lesser-Known But Fast-Growing Tech Company Has Huge Upside
Tue, 16 Nov 2021 12:52:00 +0000
What do you get when a couple of Amazon software engineers see a need that needs filling? An innovative software company currently used by over 45% of the Fortune 500.
Follow Us on Facebook