OptionsPlay DailyPlay

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. 

Fundamental View

  • 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

Technical View

  • 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)
 
 

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