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NEW YORK (TheStreet) -- (CRM) stock is declining by 0.48% to $73.94 in early-afternoon trading on Thursday. 

IBM has announced that it will acquire consulting firm Bluewolf Group to extend its analytics and industry consulting capabilities. 

"I'm so proud of [Bluewolf CEO] Eric, who built Bluewolf from a startup into a leader in Salesforce services," CEO Marc Benioff said in a statement. "The powerful combination of our strategic partners, IBM and Bluewolf, will help clients transform and demonstrate the growing client demand for our Customer Success Platform." is a San Francisco-based provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services.

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

The chart of has certainly become a powerhouse of late. Wednesday's action was quite impressive, with a strong move over resistance on strong turnover.

The entire month of March has this stock in overbought territory. The triangle was broken decisively to the upside, and with its sights on the old highs (circa $82), only a market correction would stop it (or slow it down).

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Above the moving averages, with the moving average convergence divergence (MACD) about to cross for a renewed buy signal and one more up day for a "fat tail" condition, are quite bullish signs for

-Chris Versace and Bob Lang " Chart of the Day:" originally published on 3/31/2016 on Trifecta Stocks.

Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now!

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.'s strengths such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth are countered by weaknesses such as the company's disappointing return on equity.

You can view the full analysis from the report here: CRM

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.