$CRM EARNINGS BETTER BE A BLOWOUT TO AVOID MORE DOWNSIDE.

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Once the piggy bank stock where you investment was safe has turned a little weaker in recent weeks. The tech massacre has affected the high valuation names in particular and CRM certainly fits into that category with a high p/e ratio of 100. The chart is getting increasing weak with indicators all bearish, as is the volume, with high volume on down days which is extremely bearish. On the downside $134 seems like a possible target BUT 3 TREND LINES BELOW COULD GIVE SUPPORT.

AVERAGE ANALYSTS PRICE TARGET $182
AVERAGE ANALYSTS RECOMMENDATION BUY

Penafian

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