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Recent 52-Week High Exceeded in Shares of Microsoft Corp (MSFT)

By David Diaz

Shares of Microsoft Corp (NASDAQ:MSFT) traded today at $113.35, breaking its 52-week high. So far today approximately 5.3 million shares have been exchanged, as compared to an average 30-day volume of 20.8 million shares.

Microsoft Corp share prices have moved between a 52-week high of $113.35 and a 52-week low of $68.09 and are now trading 66% above that low price at $113.25 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

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.

Microsoft Corp (NASDAQ:MSFT) is currently priced 2.7% above its average consensus analyst price target of $110.23. The stock should discover initial support at its 50-day moving average (MA) of $107.33 and subsequent support at its 200-day MA of $96.40.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.71. Since that recommendation, shares of Microsoft Corp have risen 16.7%. 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