Microsoft Bullish Moving Average Crossover Alert (MSFT)
Microsoft (NASDAQ:MSFT) crossed over its 10-day moving average of $56.91 on a volume of 8.5 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, shares of Microsoft have traded between a low of $39.72 and a high of $58.70 and are now at $57.47, which is 45% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.25% lower over the past week, respectively.
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 7.0%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Microsoft