CRM Day Trade Gap N Go (Brad Reed May21,2015)If CRM gaps above 73.31 consider using the Gap N Go strategy. To receive a free and complete stock trading education go to www.RealLifeTrading.com
CRM
CRM-Know What I Like About Earnings Gap Ups? The Pullbacks3-6 Know what I like about issues that gap up on earnings?
More often than not once the dust settles they tend to build
a pullback pattern offering a lower risk entry vs chasing the
gap. A lot of times they'll pullback to a support zone. As
you can see that is what's happening with this issue.
The blue lines are support zones for stop loss and risk
management purposes. You've got choices. You can think
about buying here then manage the blue support zones. Or
you can wait for an upside crossover of the green line then
manage the blue lines.
For informational and educational purposes only, trade at your own risk
CRM break up of consolidationThis cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation at $56.63. Target could be $63 where previous up trend was broken.
