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inthemoneystocks' Blog : Cloud Stocks Are Rising

Date January 24, 2012    Comments Comments (0)    Rate this post Recommend This Post (27)   
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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


Tags : VMW   CRM   CTXS   RVBD   ARUN  

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