The market has been having a brutal past few days so this trade carries a bit more risk but the alert fired today for a buy so going to stick with my system.
After posting a really solid ER a few weeks back
CRM
gapped up. I'm long term bullish on software that provides core services to businesses. I think even with a recession it's going to be tough for business to be able to pivot away from services that are tightly integrated into their workflow.
CRM Guru Focus Stats:
CRM hasn't popped up on my screener just yet so I'm cautious on this buy and don't plan on making this a large holding. I purchased 2 shares with the intent of selling one if we receive a bounce on the gap fill. It's also come down nicely to a .618 fib from the most recent low to high.
Current Positions:
1 SPY 398.16 CB
2 CRM 167.78 CB
You can also follow along with my TraderSync public profile
Affiliate Link: TraderSync Affiliate
After posting a really solid ER a few weeks back
CRM
gapped up. I'm long term bullish on software that provides core services to businesses. I think even with a recession it's going to be tough for business to be able to pivot away from services that are tightly integrated into their workflow. CRM Guru Focus Stats:
- GF Score 88/100
- GF Value Rank 8/10
- GF Value: 269.82 Significantly Undervalued
CRM hasn't popped up on my screener just yet so I'm cautious on this buy and don't plan on making this a large holding. I purchased 2 shares with the intent of selling one if we receive a bounce on the gap fill. It's also come down nicely to a .618 fib from the most recent low to high.
Current Positions:
1 SPY 398.16 CB
2 CRM 167.78 CB
You can also follow along with my TraderSync public profile
Affiliate Link: TraderSync Affiliate
Comment:
CRM approaching the top part of the gap this morning. Looking to sell half the position, 1 share, and hopefully lock in about 3%-5% gain on that half.
Comment:
Out half at $176.97 for a 5.5% return