Major averages rose yesterday on slightly higher volume with the S&P 500 closing back above its 50-day moving average. The indecisive mood of the general market remains as QE attempts to buck the many headwinds that the market faces.
On-demand customer relationship management software provider Salesforce.com (CRM) had a pocket pivot. CRM reports earnings on Wednesday but gapped higher on each of its last five earnings reports as shown by its stable and accelerating earnings over the last few quarters. Still, that is no guarantee it will continue to gap higher after it reports earnings this Wednesday.
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