Bearish Moving Average Cross by Microsoft (MSFT)
Microsoft (NASDAQ:MSFT) shares have crossed bearishly below their 10-day moving average of $51.86 on a volume of 5.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Microsoft has traded in a range of $39.72 to $56.85 and is now at $51.72, 30% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
SmarTrend is tracking the current trend status for Microsoft and will alert subscribers who have MSFT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Microsoft