This afternoon, most of the leading cloud computing stocks are struggling to trade higher. Salesforce.com Inc (NYSE:CRM) is considered to be one of the leading cloud computing stocks in the market. Today, CRM stock is trading lower by $1.28 to $145.72 a share. This leading cloud stock was trading as low as $143.20 around 1:30 pm EST. Since that afternoon low pivot CRM has rallied off of the session lows. Short-term traders should watch for intra-day resistance around the $146.20, and $147.00 levels.
Some of the other leading cloud computing stocks that are struggling to trade in positive territory today include F5 Networks Inc (NASDAQ:FFIV), Netflix Inc (NASDAQ:NFLX), and Citrix Systems Inc (NASDAQ:CTXS). It is important to note that most of the cloud computing stocks are signaling weak intra-day relative strength. This tells us that these stocks could be the first to decline if the major stock indexes begin to sell off or pullback into the close.