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Microsoft Crosses Below its 10-day MA (MSFT)

By Shiri Gupta

Microsoft (NASDAQ:MSFT) crossed under its 10-day moving average of $68.66 on a volume of 3.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Microsoft share prices have moved between a 52-week high of $69.71 and a 52-week low of $39.72 and are now trading 72% above that low price at $68.47 per share. 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 30.0%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Microsoft

Ticker(s): MSFT