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Bullish Moving Average Cross by Microsoft Corp (MSFT)

By Amy Schwartz

Today, shares of Microsoft Corp (NASDAQ:MSFT) have advanced above their 10-day MA of $101.45 on a volume of 6.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Microsoft Corp share prices have been bracketed by a low of $68.09 and a high of $102.69 and are now at $101.62, 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.71. Since that recommendation, shares of Microsoft Corp have risen 5.4%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses microsoft corp

Ticker(s): MSFT