Is Closing in to Support?

New York, September 6th ( - Shares of, Inc. (NYSE:CRM) are trading very close to calculated support at $142.13 with price action closing at just $144.73 and placing the stock near levels where traders will start paying attention.'s stock range is defined by its calculated support defined at $142.13 and by the resistance level at $151.97, which should be used by traders planning their trades. These support and resistance levels are based on a peaks and troughs algorithm of the stock's price action.

Traders wanting to establish a position should pay close attention to's price action, and establish it as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $151.97 might limit their upside, however, if the stock breaks resistance, it could be a good point to add to the position., 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 to manage their customer, sales and operational data.

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o Dow Jones 16,503.97 ▲104.30 (0.64%)
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Company ID [INDEXDJX:.DJI] Last trade:16,503.97 Trade time:11:09AM EDT Value change:▲104.30 (0.64%)

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Company ID [INDEXSP:.INX] Last trade:1,928.28 Trade time:11:09AM EDT Value change:▲24.27 (1.27%)


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