Mar. 27 at 3:49 AM
$CRM bulls stepping in — but is this a real reversal or just a dead cat bounce?
Trading at
$185.64, up 2% today but still down 29.9% YTD and sitting 7.4% below the 50 SMA at
$200.56. RSI at 40.33 — oversold territory but not screaming capitulation yet. 52-week low is
$174.57, and that's your line in the sand.
Bull case: P/E of 23.77 on
$7.81 EPS with aggressive buybacks + strong FCF is compelling value. Watching for reclaim of
$194 (20 SMA) as first confirmation.
#Salesforce #CRM #StockMarket
