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InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
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  • Cloud Stocks Are Rising 0 comments
    Jan 24, 2012 11:00 AM

    This morning, all of the leading cloud computing stocks are trading higher despite a slightly weaker stock market. Leading cloud computing stocks such as VMWare Inc (NYSE:VMW), Salesforce.com Inc (NYSE:CRM), Riverbed Technology Inc (NASDAQ:RVBD), and Citrix Systems Inc (NASDAQ:CTXS) are all sharply higher at the start of the trading session. It is important to note that these market leaders are coming into short term daily chart resistance.

    Short term day traders can watch CRM stock for intra-day resistance around the $117.00 and $119.00 levels. The stock will have daily chart resistance around the $121.00 area.

    Nicholas Santiago
    InTheMoneyStocks.com

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