Stock: Bearish Headwinds
On November 17,salesforce.com, inc.(NYSE:CRM) reported earnings that beat both on the top and bottom lines. Investors cheered this news by sending the stock up 3.4% the next trading day.
Going into this earnings report, I was bearish on CRM stock because the pattern on the price chart suggested this view, and numerous signals had confirmed this bearish view.
Under normal conditions, a pop in price would have me retracting my bearish view, but there is something not right with how CRM stock reacted after the.
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