This week we’re bringing you a special video from Cabot Market Letter Editor Michael Cintolo called Cabot Chart School. In the video, Mike explains basic chart reading techniques and clues to watch for. He explains the significance of the 50-day moving average, volatility and volume. We’ll be back next week with the Cabot Weekly Review. Click here to watch the video!
For my stock pick today, I’m going with an old favorite that looked like it was toast a few weeks ago … but now shares have begun to round out nicely and could (emphasis on could) be near the start of a new upleg. I’m talking about Salesforce.com (CRM), which is a blue-chip play in the cloud computing space. Actually, the company is more “the next Oracle” in that it continues to deliver innovative software products to its thousands of corporate customers. And, of course, all of its products are delivered on-demand, so there’s no need to install or...
