Salesforce.com (NYSE:CRM) could fall to $66

Salesforce.com (NYSE:CRM) closed $0.90 lower on Friday at $81.83 or 1.09% lower on the day. SEC filing reports suggested that there was some insider activity as Dayon Alexandre, President and Chief product officer at Salesforce.com sold 2,166 shares on Friday, June 10th at an average price of $82.00.

Currently, the stock stands at $81.83, which is -1.09% from its open. How did it get here?

Year to date, Salesforce.com’s stock has performed at 4.38%.  Breaking that down further, it has performed -1.21% for the week ending June 10th, 2016, 10.44% for the month of May, -5.83% over the last quarter (Q1, 2016).

RETURNS AND RECOMMENDATION

While looking at past performance of a particular stock is important when speculating on its future, we must take other indicators into consideration as well.  Here is a detailed summary of fundamentals for Salesforce.com

Index S&P 500 P/E EPS (ttm) -0.02
Market Cap 55.44B Forward P/E 62.37 EPS next Y 1.31
Income -12.80M PEG EPS next Q 0.23
Sales 7.07B P/S 7.84 EPS this Y 83.00%
Book/sh 8.24 P/B 9.93 EPS next Y 33.47%
Cash/sh 3 P/C 27.29 EPS next 5Y 29.88%
Dividend P/FCF 33.97 EPS past 5Y -21.10%
Dividend % Quick Ratio 0.7 Sales past 5Y 32.10%
Employees 19000 Current Ratio 0.7 Sales Q/Q 26.80%
Optionable Yes Debt/Eq 0.37 EPS Q/Q 816.10%
Shortable Yes LT Debt/Eq 0.37 Earnings May 18 AMC
Recom 1.8 SMA20 0.62% SMA50 5.12%
Insider Own 0.10% Shs Outstand 677.50M Perf Week -0.87%
Insider Trans -75.40% Shs Float 637.99M Perf Month 7.97%
Inst Own 88.00% Short Float 1.51% Perf Quarter 14.24%
Inst Trans 1.31% Short Ratio 2.75 Perf Half Y 2.66%
ROA -0.10% Target Price 97.02 Perf Year 13.02%
ROE -0.30% 52W Range 52.60 – 84.48 Perf YTD 4.38%
ROI 0.00% 52W High -3.14% Beta 1.59
Gross Margin 75.00% 52W Low 55.57% ATR 1.25
Oper. Margin 1.90% RSI (14) 57.38 Volatility 0.92% 1.54%
Profit Margin -0.20% Rel Volume 0.66 Prev Close 82.73
Payout Avg Volume 3.51M Price 81.83
SMA200 10.33% Volume 2,321,752 Change -1.09%

 

Salesforce.com – Technical Outlook

Salesforce.com (NYSE: CRM) - $81.83 – Weekly Chart
Salesforce.com (NYSE: CRM) – $81.83 – Weekly Chart
  • Weekly chart shows an inside bar forming with the high at $84.48 and low at $80.71
  • Price has been trading within these levels for two weeks
  • Resistance is identified at $84.00 – $81.83, which could limit the upside
  • Therefore, a downside breakout below $80.71 will see Salesforce.com (NYSE: CRM) correct to lower support at $66.00 – $62.50, which makes for an ideal level to buy from again
  • From the technical outlook, the correction is expected to play out over a minimum 3 – 5 month period starting June 2016.
  • Upside targets come in at $84 as the initial target

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