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Microsoft Corp: The Winning Streak Continues (MSFT)

By David Diaz

Microsoft Corp (NASDAQ:MSFT) traded today at a new 52-week high of $138.76. This new high was reached on below average trading volume as 3.5 million shares traded hands, while the average 30-day volume is approximately 23.3 million shares.

In the past 52 weeks, shares of Microsoft Corp have traded between a low of $93.96 and a high of $138.76 and are now at $138.67, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Microsoft Corp (NASDAQ:MSFT) is currently priced 20.5% above its average consensus analyst price target of $110.23. Microsoft Corp shares have support at the 50-day moving average (MA) of $130.17 and additional support at the 200-day MA of $115.15.

Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.26. Since that recommendation, shares of Microsoft Corp have risen 5.8%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows microsoft corp

Ticker(s): MSFT