Stock Investors Bid Up Shares of salesforce.com, Up 1.9%

Published on Fri, 02/01/2013 - 13:32
By Mallory Stone in Market movers, CRM, market movers, nyse:crm, salesforce.com

Up 1.9% to $175.48, salesforce.com (NYSE:CRM), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.9% higher to 13,997 and the S&P is trading 1.0% higher to 1,513.

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 $114.52 and a high of $178.91 and are now at $175.48, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.6%.

salesforce.com (NYSE:CRM) has potential upside of 3.7% based on a current price of $175.48 and analysts' consensus price target of $181.90. The stock should find initial support at its 50-day moving average (MA) of $166.02 and further support at its 200-day MA of $149.21.

By Mallory Stone
mstone@fnno.com

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