Salesforce Gets a Quantitative Upgrade But I'm Unimpressed

Salesforce.com (CRM) was upgraded Monday by TheStreet'sQuant Ratings service. Normally I would be excited about this upgrade but it has fallen on my skeptical ears and eyes.

Let's look at the charts and indicators.

In this daily bar chart of CRM, below, I see a chart that is both extended (overbought) and with slowing upside momentum. Not a good combination in my opinion. CRM is trading above the rising 50-day moving average line and the rising 200-day line - both lagging indicators.

https://realmoney.thestreet.com/investing/salesforce-gets-a-quantitative-upgrade-but-i-m-unimpressed-16142570