Salesforce.com, Inc. (CRM) shares have more than doubled, up 101% this year. What’s incredible is how the shares have traded recently.
Over the past year, CRM’s stock has climbed alongside increasing volumes. That’s indicative of healthy institutional support.
Each green bar signals unusual increasing volumes in CRM shares, pushing the stock higher:
Few stocks have charts this strong. Recent green bars suggest healthy demand. Now, let’s check the fundamental story.
Institutional support coupled with a healthy fundamental backdrop makes this company interesting. As you can see, CRM has had positive sales & earnings growth in recent years:
Source: FactSet
Now it makes sense why the stock has been powering higher. CRM is an earnings powerhouse.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.
Check this out. Salesforce has been a top-rated stock at MAPsignals. That means the stock has had unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report many times. The blue bars below shows when CRM was a top pick:
Tracking unusual volumes reveals the power of money flows.
This is a trend that’s hard to fight.
The CRM rally began months ago. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds a long position in CRM at the time of publication.
If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.
Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.