CRM made a huge gain last earnings and something to watchI have an alert set at 252.32 or about the 200 DMA. Crosses over and confirms it will likely to have a good move coming into earnings.
1-Month High 270.16
266.83 Price Crosses 18 Day Moving Average Stalls
265.35 14-3 Day Raw Stochastic at 80%
262.95 14-3 Day Raw Stochastic at 70%
262.53 3-10-16 Day MACD Moving Average Stalls
258.15 14-3 Day Raw Stochastic at 50%
256.86 Price Crosses 18 Day Moving Average
256.21 38.2% Retracement From 4 Week High
256.17 14 Day %d Stochastic Stalls
255.44 Price Crosses 9 Day Moving Average
253.60 Price Crosses 40 Day Moving Average
253.34 14-3 Day Raw Stochastic at 30%
Pivot Point 2nd Level Resistance 253.06
252.63 14 Day %k Stochastic Stalls
252.23 14 Day RSI at 50%
251.90 50% Retracement From 4 Week High/Low
Pivot Point 1st Resistance Point 251.79
251.32 Price Crosses 9 Day Moving Average Stalls
250.94 14-3 Day Raw Stochastic at 20%
High 250.57 High
FOO trade ideas
Covering Short position #crm
Real-Time Algorithmic Trading Signals. Stay curious
Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
SalesForce Looking HeavySalesForce looks like an ideal short right now because of the ridiculous rally it made at the end of August. The stock rallied $80/share, which translates to a market cap increase larger than the entire NFL. Crazy, right? When you read the reason for the earning surprise below, it's even crazier.
As Reported By Salesforce:
"Second quarter GAAP diluted earnings per share was $2.85...Mark-to-market accounting of the company's strategic investments, required by ASU 2016-01, benefited GAAP diluted earnings per share by $0.55 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.58 based on a non-GAAP tax rate of 22%. GAAP diluted earnings per share was also benefited by $2.17 as the company changed its international corporate structure, which included the consolidation of intangible property, resulting in a $2 billion net tax benefit related to foreign deferred tax assets."
I'm all for bullish optimism by default, however this stock rallied dangerously with no clear support level below the run-up. Its kinda hanging in no-man's land right now with no fundamental reason to support that level (P/E ratio is currently 95, astronomical). I expect a retest of the lows, followed by once of the shown scenarios. If the stock does break through the lows, then I expect the stock to range downwards to $200 hitting various fibonacci levels as resistance/support on the way down.
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Expecting Bullish Price Action on CRM- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August.
- The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning.
- A bullish MACD crossover is also about to occur, signalling a shift in momentum to the upside.
- The RSI indicates CRM is not yet overbought (RSI<70).
- Furthermore, the stock is trading above its 20, 50, and 200 moving averages .