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Cloud Stocks Fail To Float Higher

Posted, by inthemoneystocks on April 25th, 2012

This morning, many of the leading cloud computing stocks are failing to rally with the technology sector. This is very strange since the NASDAQ Composite is higher by 2.00 percent at the open of the session. One of the leading cloud computing stocks in the market is Salesforce.com Inc (NYSE:CRM). This stock is trading lower by 0.73 cents to $149.25 a share. The stock is sitting right on the daily chart 50 moving average which is short term support. Should this level fail to hold as support and break lower the the stock could decline down to the $142.75 area. Short term traders can watch for intra-day support around the $148.00 and $144.50 levels.

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Authored by, inthemoneystocks
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