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Shares of Microsoft Corp Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Microsoft Corp (NASDAQ:MSFT) traded at a new 52-week high today of $124.22. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 24.1 million shares.

In the past 52 weeks, shares of Microsoft Corp have traded between a low of $87.08 and a high of $124.22 and are now at $124.12, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.63% higher over the past week, respectively.

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.

Based on a current price of $124.12, Microsoft Corp is currently 11.2% above its average consensus analyst price target of $110.23. The stock should find initial support at its 50-day moving average (MA) of $115.00 and further support at its 200-day MA of $109.22.

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