CRM Gap Filled

2022年6月13日

The market has been having a brutal past few days so this trade carries a bit more risk but the alert fired today for a buy so going to stick with my system.

After posting a really solid ER a few weeks back CRM gapped up. I'm long term bullish on software that provides core services to businesses. I think even with a recession it's going to be tough for business to be able to pivot away from services that are tightly integrated into their workflow.

CRM Guru Focus Stats:

• GF Score 88/100
  
• GF Value Rank 8/10
  
• GF Value: 269.82 Significantly Undervalued
  

CRM hasn't popped up on my screener just yet so I'm cautious on this buy and don't plan on making this a large holding. I purchased 2 shares with the intent of selling one if we receive a bounce on the gap fill. It's also come down nicely to a .618 fib from the most recent low to high.

Current Positions:
1 SPY 398.16 CB
2 CRM 167.78 CB

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2022年6月24日

註釋

CRM approaching the top part of the gap this morning. Looking to sell half the position, 1 share, and hopefully lock in about 3%-5% gain on that half.

2022年6月24日

註釋

Out half at $176.97 for a 5.5% return