Salesforce Ramps on Huge Volume

Shares of Salesforce.com (CRM) are surging today on extremely heavy trading. The day began with a powerful earning's-inspired gap that lifted the stock 4%.  CRM, the No. 2 gainer in the SPX has remained well bid since the bell and has easily taken out heavy supply near the $59.50 area. This is an impressive show of momentum that will include the stock's heaviest volume day of this year.

The breakout move today extends CRM's winning streak to eight straight. Early last week the stock successfully retested its July low before mounting the pre-earnings run. Until today, despite seven-straight gains, CRM remained in a narrowing consolidation pattern with a heavy, flatlining 200-day moving average overhead.  This sideways action has ended with a bang today and has set CRM up for a run back up to its early 2014 highs....155 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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