Big week ahead for Salesforce $CRM.
It reports earnings next Weds, on the cusp of its 200-day moving average.
Since bouncing off its 15yr trend line (see below), it's up 33% in 8 weeks. Now it is caught between contradictory MA's
You could argue that the last time it failed to break above the long-term MA, it fell 40% in short order.
But the last time it succeeded, it doubled in a year...
Make or break?
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Salesforce $CRM back down to its 15yr trend.
Last time it tripled in the next 2 years...