CRM SalesForce Tek Stock Analysis
Companies / Tech Stocks Nov 09, 2009 - 08:46 AM GMTBy: Jay_DeVincentis
Trading Approach
Identifying fundamentally stellar stocks poised technically to breakout for big profits.
Company Description
SalesForce.com (CRM) provides customer relationship management service to businesses of various sizes and industries worldwide. The company also offers a technology platform for customers and developers to build and run business applications. It provides various Software-as-a-System CRM services, which enable customers and subscribers to systematically record, store, analyze, share, and act upon business data; and helps businesses to manage customer accounts, track sales leads, evaluate marketing campaigns, and provide post-sales service. In addition, it offers consulting and implementation services; and training and certification services.
Fundamental Picture
The company has great sales growth and expanding operating margins giving it a good fundamental look.
Technical Outlook
The Salesforce.com stock is showing an uptrend based on the moving averages and id being confirmed by an up trending (higher lows) On Balance Volume line.
Trading Action Plan for the Week
Stock Entry: Buy shares of SalesForce.com (CRM) at 62.00 or better.
Option Entry: Buy the December 60 call (CDWLL) at 6.00 or better.
Profit Target Exit: 72.
Please note that we will use this price as an initial guide but we will gradually move up our trailing stop to realize as much of the breakout as possible while protecting our profits.
Stop-loss Exit: 56.60.
As the stock starts to breakout we will move the trailing stop up to protect any accrued profits.
Review of Open Positions
Review of Closed Positions
Since the inception on 9-14-09 we have 3 winners (AMZN DLTR, LINC) and 2 losers (AMGN, CX).
Who I am and What I do
Jeff Neal has been actively and successfully trading the markets since 1996. He holds an MBA in Finance from the University of Indianapolis and a bachelor's degree in Computer Science from Indiana University. Jeff is a veteran trader consistently posting profits by strategically applying options to the stock and ETF markets. As an expert risk manager Jeff combines technical analysis, fundamental analysis and options to create an optimal risk to reward profile. Jeff has been a longtime trading mentor and a prolific writer that has had many articles published. He is an author having featured articles in Futures magazine and Stocks and Commodities magazine. Over the years Jeff has interviewed many of the top traders in the business discussing the secrets of their trading success. In addition to his trading and writing experience, he also was a radio show market correspondent discussing the best stocks and options for the week. Jeff is passionate about trading the markets and as a mentor he constantly emphasizes that concentrating on risk management has been the cornerstone of his trading success.
If you have any questions or comments, email me at Jay@stockbarometer.com.
Regards,
By Jay DeVincentis
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