This post was just published on ZYX Buy Change Alert.
CRM reported earnings better than the consensus and whisper numbers. In the after market the stock traded as high as $75. The company refused to discuss buyout rumors. A buyout by the likes of MSFT, SAP, IBM, and ORCL is still possible north of $90. However, it is more likely than not, if the market pulls back, this stock will first pull back to mid $60s.
The plan is to take profits in the zone of $73.38 to $75.43 and enter the position again on a dip. Please stay tuned to the Real Time Feed of the ZYX Buy for the next opportunity to buy this stock.
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