All Clear for Entry

In my columns, sometimes I'll identify a trade setup before any entry triggers have fired off, meaning the reader must wait on a signal before they can safely jump into the trade. Other times, I'll wait for a trigger to come before I'll write about an entry on a pullback -- in which case the stock is already cleared for entry. The following setup falls into that second category.

The stock in question is Salesforce.com (CRM), which has seen a healthy pullback since the May 20 high. True, the basic moving averages are not in our favor here, as the stock is currently below both the 50- and 200-day lines. Nonetheless, I have reason to believe that the most recent low was key and pivotal....295 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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