The bullish DailyPlay for Tuesday, August 18th is Salesforce.com Inc (CRM). CRM has experienced a 4.3% gain over the past month and its 1M trend turned bullish yesterday after price started to rebound after a pullback.
- Industry leading sales automation and CRM SaaS platform with 3x market share to its closest competitor
- 20% yoy revenue growth expected over the next 3 years
- Rapid transfers to e-commerce benefits CRM’s core business
- Price continues to make higher highs and higher lows indicating that the bullish trend is still in play.
- Both 1M and 6M trends are bullish
- Strong relative strength, technical score (7 out of 10)