10/25/20
Blue Chip Daily Chart of the Week:
Salesforce.com, CRM
Close: $250.52
Stop level for position traders and investors: $212.94
please see chart analysis below
- Salesforce.com, CRM, is in a technical uptrend, above the rising 50, 100 and 200-day moving averages, indicating an uptrend on multiple time frames.
- CRM recently pulled back 17.8% off all-time highs and is testing the rising 50-sma currently.
- On any pullbacks, $235-245 is a key support range.
- CRM went onto our Chart of the Day Buy List for Members on 8/14/20 and is +28% since then and is on this week’s Members Top 25 Buy list.
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Have a great week,
Larry Tentarelli
Publisher
