Microsoft Bullish Moving Average Crossover Alert (MSFT)
Microsoft (NASDAQ:MSFT) crossed over its 10-day moving average of $57.88 on a volume of 5.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Microsoft share prices have been bracketed by a low of $39.72 and a high of $58.70 and are now at $58.05, 46% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
SmarTrend recommended that subscribers consider buying shares of Microsoft on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.09. Since that recommendation, shares of Microsoft have risen 8.5%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Microsoft