By Andrew Nyquist
During the back half of 2011, Salesforce (CRM) dropped from a high of 160 to the current lows in the 90’s. Wow, that’s quite a fall. But that’s one of the drawbacks to investing in high growth stocks during their initial rocket phase. But now that the stock has been trimmed by 40%, it’s looking attractive again. Cloud Computing continues to grow and CRM is uniquely positioned to benefit from this growth.
**Other technical stock charts found here.
Tagged and searchable under “chartology.”
Salesforce.com Inc. annotated daily and weekly stock charts with technical analysis overlay January 5, 2012. Price Support and Resistance.
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No positions in any of the securities mentioned at time of publication.
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