Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Salesforce (CRM)
#1

This from Investopedia

For instance, International Business Machines (IBM International Business Machines Corp IBM 175.81 +0.09% ) and Salesforce.com (CRM Salesforce.com Inc CRM 83.48 -0.03% ) announced that Watson and Einstein would join forces to create the biggest AI platform in the space with over a billion users per day. The move could provide the companies with a monopoly of sorts when it comes to enterprise users. From a technical perspective, traders should keep an eye on both stocks as they appear ready to breakout to new highs. CRM has the greatest momentum with its 21% rise so far this year, but IBM has outperformed over the past 52-weeks by about 8%. CRM’s stock appears poised to breakout from its all-time high of $84.48 reached back in mid-2016 with the momentum from its deal with IBM. However, the stock’s relative strength index (RSI) appears overbought at 65.49 and its MACD​ remains in a bearish downtrend, which means that traders may want to wait for a modest pullback before a breakout.

2 AI Stocks Set to Break Out to New Highs (IBM, CRM) | Investopedia

Reply

#2

Who are we to disagree with Investopedia, but we don't see any imminent breakout upwards considering the sharp move upwards since the beginning of the year..

But perhaps they have a different time frame. In any case, you can follow what happens in the dynamic chart below:

CRM salesforce.com, inc. daily Stock Chart

Reply



Forum Jump:


Users browsing this thread: 1 Guest(s)