yflaw1018

CRM might be breaking out soon

NYSE:CRM   Salesforce
CRM has been breaking out downtrending on 4hr chart for a while now. It is trading above both 50 and 180 Moving Averages. CRM has gotten itself in a wedge, making higher lows and lower highs at the same time. If CRM Price Action could break the resistance of the wedge at $253, there is upside in long term to previous ATH at $267. MACD is on positive side and RSI 70. Needs a big volume for this breakout.
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