Microsoft Crosses Below its 10-day MA (MSFT)
Microsoft (NASDAQ:MSFT) crossed under its 10-day moving average of $57.50 on a volume of 4.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $57.26, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.
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