CRM –, Inc. – had a correction recently that brought price to its 20- day exponential moving average and the blue resistance line. At that point the bulls reacted and, with a series of three bullish candlesticks, CRM reached the upper Bollinger Band again.

This correction and return to the uptrend is also evident in MACD, which moved below its signal line and then it moved above it shortly afterwards.

In addition to the above, it’s important to observe that the stock’s 20- and 50- day exponential moving averages kept their uptrend, while the stock’s 10- day exponential moving average just leveled off before resuming its uptrend.

It’s also important to mention that the stock’s Relative Strength has been trending up and above its 20- day exponential moving average since the end of November.

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