Cloud Stocks Remain in the Eye of the Storm – CRM, RAX, FFIV, RVBD

Last week, many of the leading cloud computing stocks sold off sharply lower. Today, many of the leading cloud computing stocks are once again coming under selling pressure. Salesforce.com Inc (NYSE:CRM) is considered to be one of the leading stocks in cloud computing industry group. Today, CRM stock is declining lower by $2.03 to $133.72 a share. Short term traders should watch for intra-day support around the $131.80, and $130.00 levels.

Some other leading cloud computing stocks that are coming under early selling pressure today include Raxspace Hosting Inc (NYSE:RAX), F5 Networks Inc (NASDAQ:FFIV), and Riverbed Technology Inc (NASDAQ:RVBD). All of these leading technology stocks continue to look weak on the daily charts at this time.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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