Harry Aloof
12-05-2007, 05:15 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
SALESFORCE.COM (CRM-NYSE): Technical Viewpoint: From a low of $45.59 on Nov 9, 2007 prices rallied, reaching a high of $58.00 on Nov 20, 2007. A decline saw prices pull back, reaching a low of $51.55 on Nov 27, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $56.73. Technicals: MACD Index (MACD): A Buy Alert! was given on Nov 30, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $52.00. Resistance: Is at $58.00. Point & Figure: Reversed to the upside on Nov 28, 2007. A P&F downside reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! SALESFORCE.COM (CRM-NYSE) @ $57.75 Stop: Use a protective stop of $55.25. SALESFORCE.COM is currently trading @ $56.73 plus $1.47 on Nov 30, 2007.
Price Objective: $67.50
Risk/Reward: $2.50 VS. $9.75
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2214-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
SALESFORCE.COM (CRM-NYSE): Technical Viewpoint: From a low of $45.59 on Nov 9, 2007 prices rallied, reaching a high of $58.00 on Nov 20, 2007. A decline saw prices pull back, reaching a low of $51.55 on Nov 27, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $56.73. Technicals: MACD Index (MACD): A Buy Alert! was given on Nov 30, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $52.00. Resistance: Is at $58.00. Point & Figure: Reversed to the upside on Nov 28, 2007. A P&F downside reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! SALESFORCE.COM (CRM-NYSE) @ $57.75 Stop: Use a protective stop of $55.25. SALESFORCE.COM is currently trading @ $56.73 plus $1.47 on Nov 30, 2007.
Price Objective: $67.50
Risk/Reward: $2.50 VS. $9.75
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2214-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)