Steady Trader Daily Hot Tech-Stock: Salesforce.com looks heavy

By serge berger — Author

Salesforce.com - CRM

CRM isn't scheduled to report earnings until late August, which give this stock some time to potentially work lower ahead of then. On the daily chart note that the stock is still holding its summer 2013 up-trend, but that it looks to have developed an important lower high in early July, as it retraced 61.80% of the February - April sell-off. A break below the 2013 trend line could easily get this stock moving into the mid to high $40s.

Posted to Hot Tech Stocks to Watch on Jul 18, 2014 — 7:07 AM

Check out what my VIP members get

Recent free content from serge berger

Steady Trader Daily Hot Stock: Biogen readies a move back to all time highs — 7/24/14
Steady Trader Daily Hot Tech-Stock: Red Hat breaks out of bullish pattern — 7/23/14
Steady Trader Daily Hot Tech-Stock: Jabil Circuit waves a bull flag — 7/22/14
Steady Trader Daily Hot Tech-Stock: Google shares gain momentum after earnings — 7/21/14
Steady Trader Daily Hot Tech-Stock: Las Vegas Sands struggles — 7/17/14

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By NICHOLAS DOLAN — 9 years ago

By Daniel Duque — 9 years ago

This is a great tool to learn the essence of swing trading! Must recommend!

See All Reviews →