Salesforce.com, Inc. : It's moment to sell
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$156.29 | $0 | $162 | +100% |
Clients use Salesforce.com to manage their customer, sales and operational data.
Even if the growth of turnover is impressive for the next three years, analysts are less confident concerning EPS. In fact, the company should post for the next two financial years a net loss of $0.68 and $0.32 per share.
Technically, the share is testing historic highs of USD 159.6. This level has been tested twice during last two years. It is an hard obstacle to break out and for this reason we forecast a bearish trend could be set up. We suggest a short position on the stock with a first target price at USD 140, 20 weeks moving average’s area. A stop loss will be placed at USD 162.