Salesforce CRM should recover to its 200SMA
alpha62539 Pro Updated
BATS:CRM Salesforce, Inc
$CRM published not bad numbers in the last ES but the outlook looks not so optimistic. The stock sold off and now it`s recovering from the bottom on the general sentiment and news that the company announced a cost optimisation program. Look to buy with 200SMA as initial target and stop loss around 8-9% lower. There will be a time stop loss - if it doesn`t move the trade gets killed.
Adding to it. The same TP and SL.
Trade closed: target reached:
Good one. It may continue up though.