Salesforce (CRM Stock): Are there signs of an upward reaction?
|Today’s instrument is Salesforce.com Inc.‘s stock traded on the NYSE exchange under the ticker CRM.
Looking at the CRM‘s chart, we see that although it has been in a downward trend in the past few days there are signs of an upward reaction. It is currently traded at around $161.50 and last night it announced better than expected quarterly earnings, today we should expect its price to rise above its resistance level which is located at around the $168-169 range.
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