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12-05-2007, 05:15 AM
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Join Date: Oct 2006
Posts: 154
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Salesforce.com (CRM) - December 2, 2007
From Wall Street Trader's Column
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 
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