TMCnet - World's Largest Communications and Technology Community



| More

TMCNet:  Look for Shares of to Potentially Rebound after Yesterday's 1.78% Sell Off

[December 26, 2012]

Look for Shares of to Potentially Rebound after Yesterday's 1.78% Sell Off

Dec 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- (NYSE:CRM) traded in a range yesterday that spanned from a low of $165.26 to a high of $169.68. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $167.48 on volume of 928,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that subscribers consider buying shares of on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.45. Since that recommendation, shares of have risen 9.7%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. share prices have moved between a 52-week high of $172.75 and a 52-week low of $95.16 and are now trading 75% above that low price at $166.34 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To IBM News 's Homepage ]


Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2015 Technology Marketing Corporation. All rights reserved | Privacy Policy