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salesforce.com Shares Sinking Lower, Down 1.5%

Published on Thu, 04/11/2013 - 12:28
By Mallory Stone

One of today's notable stocks in decline is salesforce.com (NYSE:CRM), down 1.5% to $166.17. The Dow Jones Industrial Average is now trading 0.4% higher to 14,866 and the S&P is trading 0.4% higher to 1,594.

Potential upside of 19.8% exists for salesforce.com, based on a current level of $166.17 and analysts' average consensus price target of $199.00. The stock should hit resistance at its 50-day moving average (MA) of $173.92, as well as support at its 200-day MA of $156.17.

Salesforce.com, Inc. provides application services that allow organizations to share customer information on demand. The Company provides a customer relationship management service to business of all sizes and industries worldwide.

In the past 52 weeks, salesforce.com share prices have been bracketed by a low of $120.18 and a high of $187.94 and are now at $166.17, 38% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 0.27% lower over the past week, respectively.

By Mallory Stone
mstone@fnno.com