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

Published on Wed, 07/01/2015 - 12:12
By Peter Chu in Market movers, CRM, market movers, nyse:crm, salesforce.com

salesforce.com (NYSE:CRM) is one of today's notable stocks on the rise, up 1.5% to $70.65. The S&P is trading higher by 0.6% to 2,075 and the Dow is trading 0.6% higher to 17,729.

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.

There is potential upside of 8.8% for shares of salesforce.com based on a current price of $70.65 and an average consensus analyst price target of $76.88. salesforce.com shares should encounter resistance at the 50-day moving average (MA) of $72.25 and support at its 200-day MA of $63.66.

In the past 52 weeks, salesforce.com share prices have been bracketed by a low of $51.04 and a high of $78.46 and are now at $70.65, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

By Peter Chu
pchu@fnno.com

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