SAP AG (SAP) shares of the European software giant are showing great relative strength in a strong trend and have formed a tight flag the past month now seeing MACD cross bullish and triggering a breakout above monthly value for likely targets now into fib extensions of 247 and 252 with the round number of 250 being a good mid level target. SAP likely can see upside into CRM earnings this week and should be a sympathy mover on those results. Recent large December $220 and $210 short puts sold to open continue to hold in OI.