Salesforce.Com - Chart Of The Day
The Chart of the Day belongs to Salesforce.Com (CRM). I found the computer software stock by using Barchart to sort today's 52 Week High list first for the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/3 the stock gained 12.11%.
Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world's first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange directory. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.
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The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 10.10% in the last month
- Relative Strength Index 74.80%
- Technical support level at 104.62
- Recently traded at 106.94 with a 50 day moving average of 98.25
Fundamental factors:
- Market Cap $75.77 billion
- P/E 531.15
- Revenue expected to grow 23.90% this year and another 20.00% next year
- Earnings estimated to increase 30.70% this year, an additional 29.50% next year and continue to compound at an annual rate of 24.26% for the next 5 years
- Wall Street analysts issued 14 strong buy, 24 buy and 2 hold recommendations on the stock
Disclosure: None.
Salesforce is cutting it up as they continue to extend into the market and are doing well working with others to tie in with them. The valuation is high as it has been, but companies growing in this zombie market are all highly valued. The interesting thing is I don't see growth slowing for them anytime soon.