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Microsoft Corp: The Winning Streak Continues (MSFT)

By Amy Schwartz

Shares of Microsoft Corp (NASDAQ:MSFT) traded at a new 52-week high today of $108.20. This new high was reached on below average trading volume as 17.2 million shares traded hands, while the average 30-day volume is approximately 25.4 million shares.

In the past 52 weeks, Microsoft Corp share prices have been bracketed by a low of $68.09 and a high of $108.20 and are now at $107.50, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.7%.

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.

Potential upside of 2.5% exists for Microsoft Corp, based on a current level of $107.50 and analysts' average consensus price target of $110.23. Microsoft Corp shares have support at the 50-day moving average (MA) of $100.23 and additional support at the 200-day MA of $91.05.

SmarTrend is tracking the current trend status for Microsoft Corp and will alert subscribers who have MSFT in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows microsoft corp

Ticker(s): MSFT