by John Lansing | October 6, 2010 11:06 am
The Chart of the Day is Salesforce.com, Inc. (NYSE: CRM). The stock appears to be in a bullish continuation wedge, sometimes called a “bullish pennant.”
We are looking for CRM to break above the downtrend line, which it closed above yesterday. If the stock moves above $114.91, buy it with a stop loss at yesterday’s lows of $112.42.
You will be risking $2.49 with this trade for a potential profit gain of $15 if CRM hits our target.
Get John Lansing’s Chart of the Day sent right to your inbox — FREE! Click here to sign up now!
Source URL: http://investorplace.com/2010/10/chart-of-the-day-salesforce-com-inc-crm/
Short URL: http://invstplc.com/1ny8Ctt
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.