In a bold strategic maneuver, Salesforce.com ( NYSE:CRM ) finds itself at the precipice of a transformative acquisition, with reports emerging of advanced discussions to acquire data-management software powerhouse Informatica (INFA). As the rumor mill churns and investors brace for potential ripple effects, the landscape of cloud computing and artificial...
Salesforce ( NYSE:CRM ) expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading. The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients struggle with high interest rates and rising...
Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign. Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial...
If you haven`t bought CRM ahead of the previous earnings: Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 280usd strike price Puts with an expiration date of 2024-3-1, for a premium of approximately $5.15. If these options prove to be profitable prior to the...
Short term opportunity for a LONG. Context: Market: strong Ticket weekly: Up wave Ticket daily: Up wave Ticket 1h: uptrend, consolidation (down wave) Last day: Gap-up open, price didn't find much support from buyers and was rejected. Rejection wasn't strong enough (price didn't reach prev day low), which shows lack of strong sellers interest. Conclusion:...
Amazon ( NASDAQ:AMZN ) and Salesforce ( NYSE:CRM ) have formed a strategic alliance to turbocharge the momentum of Amazon's Prime program. The integration of Amazon's "Buy with Prime" feature with Salesforce's NYSE:CRM Commerce Cloud platform promises to reshape the e-commerce landscape, offering a seamless shopping experience for Prime members while presenting...
New short signal from my SSG trading system in Salesforce (CRM). This one tends to still run a bit before going into the direction of the signal, so I would be careful if you want to directly short the stock or trade it using a CFD or something like this. I will look into an options position later today and then update here again wether I am taking the trade.
Salesforce surges on Q3 earnings beat amid 'green shoots' of cloud demand rebound. Salesforce lifted its full-year profit forecast amid what it called 'green shoots' in demand improvement from big buyers of its cloud-focused software. Salesforce (NYSE: CRM) - shares surged in early Thursday trading after it posted better-than-expected third quarter earnings, as...
Salesforce Daily Price Action CRM is currently attempting a reversal from its uptrend that started back in December / January. The head and shoulders that is developing is rather obvious, however it should noted that the left shoulder had much higher volume than the head; showing lack of buyers willing to participate. The right shoulder does have rather...
If you haven`t sold CRM here: or reentered here: Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $8.75. If these options prove to be profitable prior to the earnings...
Salesforce stock (CRM) has seen a surge due to a truce with activist investor Elliott Management, the introduction of new AI services, and price increases on key products. The stock gained 5% in July, outperforming the market. CEO Marc Benioff's net worth has risen by $2.5 billion. Salesforce raised prices by an average of 9%, driving positive reactions from...
Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11) The primary trend remains bullish. Broken out of the triangle formation to the upside. Previous resistance at 216 now becomes support. We look to buy dips. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. This...
If you haven`t sold CRM here: then Analyzing the options chain of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 230usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $9.05 If these options prove to be profitable prior to the earnings release, I would sell at least half of...
NYSE:CRM Weekly chart shows strong up trend, 50% Fibonacci level coming up
When you take a glance at the CRM chart on the Weekly time frame, you can see that the stock made it's important move above the 200SMA line, which is considered as a good bullish sign for any stock to start it's rally up. Things to consider when looking at CRM chart: 1. On Weekly time frame, price confirmed it's last known support levels sitting at $191.5 and...
short term long.If pullback is supported by low volume long. IF the pullback will be followed by high volume short Salesforce (CRM) One of the biggest players in the cloud-based customer relationship management (CRM) domain, Salesforce (CRM) provides solutions to bring companies and customers together through its platform. Beginning in a San Francisco apartment...
Salesforce - 30d expiry - We look to Buy at 192.32 (stop at 184.98) The primary trend remains bullish. Price action has formed a bullish ascending triangle formation. Trend line support is located at 192. The bias is to break to the upside. Trading close to the psychological 200 level. A break of bespoke resistance at 200, and the move higher is already...
I count CRM as wave (4) of circle wave 3 complete. Expect to see at least 400 level (5=1), ideal target is 600 zone.