proxynoorigin

CRM - possible long swing trade as $SPX pushes higher

Long
NYSE:CRM   SALESFORCE.COM INC
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3
Salesforce has twice before made strong 100% moves, after breaking of 2+ years of sideways range consolidations. These moves coincided with the $SPX breaking out higher in 2012 and late 2016.

Watching for a CRM monthly close above $165.35 and hold above that level for possible start of third run up. Another equal 100% move target would be just above $330.

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Interesting analysis
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