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Salesforce.com Stock Earns Relative Strength Rating Upgrade; Hits Key Benchmark

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Salesforce.com (CRM) stock just hit that mark, with a jump from 78 to 81 Monday.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks matches up against that of all other stocks.

Decades of market research shows that the best stocks often have an RS Rating of at least 80 as they begin their biggest price moves.


Looking For The Best Stocks To Buy And Watch? Start Here


Is Salesforce.com Stock A Buy?

Salesforce.com stock broke out earlier from a cup with handle with a 27.32 entry point. It’s still trading within the buy range. If a stock you’re watching breaks past a buy point then retreats 7% or more below the original entry price, it’s considered a failed base. It’s best to wait for the stock to form a new base and breakout. Also understand that the most recent consolidation is a later-stage base, and such bases are more prone to failure. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

The cloud-based computer software firm reported 3% EPS growth in its most recent report. Sales rose 23%.

Salesforce.com stock holds the No. 10 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace (DT) and ServiceNow (NOW) are also among the group’s highest-rated stocks. For more industry news, check out “Cloud Computing: Find Top Cloud Stocks And Track Industry Trends.”

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