Salesforce.com Broke Resistance

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Salesforce.com Broke Resistance

Published on Wednesday, 25 January 2012 08:24 Written by Christian Paolinetti

New York, January 25th (TradersHuddle.com) - Shares of Salesforce.com, Inc. (NYSE:CRM) closed the trading session at $117.53 just above calculated resistance at $115.88 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

Salesforce.com, Inc. (NYSE:CRM) supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use Salesforce.com to manage their customer, sales and operational data.

Salesforce.com's stock was trading in a well defined range with support at $102.27 and resistance at $115.88, given that this range was broken traders will be closely monitoring the stock

Salesforce.com Inc. (CRM): Today's Featured Computer Software & Services Loser - TheStreet.com
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Salesforce.com Sees Tremendous Growth Across Europe, Increases Local Investment - Benzinga
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Options Trade Alert on Salesforce.com - TheStreet.com
UPDATE: Piper Jaffray Raises PT to $207 on Salesforce.com; Strong Pipeline - Benzinga
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Wunderlich Securities Reiterates Buy, $168 PT on Salesforce; Pullback Opportunity - Benzinga

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