VantageMarkets

CRM: Its not all doom and gloom!!

Long
NYSE:CRM   Salesforce
Saleforce

Short Term - We look to Buy at 168.45 (stop at 151.44)

They reported earnings with forecasted earnings rising despite strong dollar headwinds. This led to a jump in premarket and could provide impetus for further rise up. There is scope for mild selling at the opening but loses should be limited. Our outlook is bullish. Dip buying offers good risk/reward.

Our profit targets will be 222.00 and 240.00

Resistance: 185.75 / 224.00 / 260.00
Support: 168.00 / 140.00 / 115.00

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