Tue, 26 Jan 2021

Salesforce.com, inc.: Something's Not Right with CRM Stock

Profit Confidential
25 Nov 2016, 03:04 GMT+10

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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