Today, most of the leading cloud computing stocks are declining on the trading session. Salesforce.com Inc (CRM) is considered to be one of the leading stocks in the cloud computing group. Today, CRM stock is declining lower by $3.27 to $166.75 a share. This stock is continuing its fall from last week when the selling began. Traders should watch for near term daily chart support around the $157.50 level. Short-term traders should watch for intra-day support around the $165.50, and $164.00 levels.
Some other leading cloud computing stocks that are selling off today include Rackspace Hosting, Inc. (RAX), VMware Inc (VMW), Riverbed Technology Inc (RVBD), and F5 Networks Inc (FFIV). Traders must now watch for corporate earnings in these stocks which could lead to sharp moves in these equities and their peers.