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Shares of Microsoft Corp Rise Above Previous 52-Week High

By James Quinn

Shares of Microsoft Corp (NASDAQ:MSFT) traded at a new 52-week high today of $103.29. This new high was reached on below average trading volume as 4.3 million shares traded hands, while the average 30-day volume is approximately 26.1 million shares.

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 share prices have moved between a 52-week high of $103.29 and a 52-week low of $68.09 and are now trading 52% above that low price at $103.26 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Microsoft Corp has overhead space with shares priced $103.26, or 6.3% below the average consensus analyst price target of $110.23. The stock should find initial support at its 50-day moving average (MA) of $99.03 and further support at its 200-day MA of $90.12.

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