Swing Trade CRM on a fundamental basis!
Salesforce has a long track record of strong growth and great management. After killing it on the earnings report they announced the acquisition of Tableau Software overcorrecting the stock to the downside. This is a buying opportunity! The trade thesis has 3 parts. First of all the stock has made several buyouts in the past and they have consistently been very successful because of it. Second of all is the fact that the stock rises in periods of trade conflict because they don't manufacture any hardware. Last time Trump raised tariffs the stock actually made good capital gains! Finally the technicals have shown consolidation and coiling ready to spring to the upside for a while now allowing the value to catch up with the price a bit.
Here is the deal. Buy Salesforce now with a stop loss in (downside 5%) and sell right before the next earnings report to be safe.
-$$$$$$
Here is the deal. Buy Salesforce now with a stop loss in (downside 5%) and sell right before the next earnings report to be safe.
-$$$$$$
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