AustinBarnard

CRM - 2 Bullish Trade Ideas

Long
NYSE:CRM   Salesforce
CRM acquired Tableau today and price dropped -4%. Patiently waiting for price to drop to $148.5 to enter two long trade positions. A tight stop loss just below the recent low makes for risk rewards of 6:1 and 11:1. I like the business industry, the product, and the team. The acquisition today was all stock, and Tableau will add around 2.5% ($400M) to their total annual revenue.

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