SalesForce's stock (CRM) rose in the intraday levels after revealing a new profit target, with the stock rising 1.71% in the last session, or 2.52 points, settling at 150.15, with trading volumes surpassing 12.4 million shares, above 10-day averages of 7 million shares.
Technically, the stock is trying to recoup some recent losses amid negative pressure from the 50-day SMA, amid the dominance of the main downward short-term trend, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 130.00, provided it settles below 154.73.
Expected trend for today: Bearish