AcornWealthCorp
Short

CRM- Short as it breaks below $73.03, & $72.5 May puts @ $6.25

NYSE:CRM   SALESFORCE.COM INC
28 0 2
CRM            
Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel , possible earnings play
Entry Target Criteria- break below $73.03
Exit Target Criteria- $57.13
Stop Loss Criteria- $77.37
Indicator Notes- declining Twiggs Money Flow
Special Note- we would consider May $72.50 Puts currently @ $6.25
Next Earnings Release Date- November 17, 2016
Trade closed manually: (Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)


Relevant Updates:
January 4th- Hit profit taking stoploss. Stocks had a very small profit but options were just below entry at $5.35

January 3rd- Went up & closed above EMA lines. However still below updated profit taking stoploss.

December 30th- Downtrend continued holding below EMA lines, $72.50 May-17 puts last traded for $7.30, that is 32.7% higher from entry.

December 28th- Made a lower low & closed near bottom of the range. Looking very good as short. $72.50 May-17 puts last traded for $7.05, that is 28% higher from entry.

December 27th- Traded up, retested MA20 but closed at the bottom of the range. $72.50 May puts last traded for $6.40, that is 16% higher from entry.

December 23rd- Consolidating below EMA lines. Still looking great as short.
December 19th- Break of $66 is still key level, updating our stop loss criteria to $72.43
December 12th- showing significant weakness. Declined 1.1% today & closed below EMA lines.
December 8th- after a huge decline this is starting to look more bullish, updating the stop loss criteria to $73.43.
November 28th- Declined & traded into opening price, looking good. $72.50 May puts last traded for $5.5. We also consider break of 71.93 as secondary entry criteria.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out