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Shares of Microsoft Corp Rise Above Previous 52-Week High

By David Diaz

Microsoft Corp (NASDAQ:MSFT) traded today at a new 52-week high of $137.69. Approximately 801,000 shares have changed hands today, as compared to an average 30-day volume of 23 million shares.

Microsoft Corp share prices have moved between a 52-week high of $137.69 and a 52-week low of $93.96 and are now trading 46% above that low price at $137.57 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

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) defies analysts with a current price ($137.57) 19.9% above its average consensus price target of $110.23. The stock should discover initial support at its 50-day moving average (MA) of $126.83 and subsequent support at its 200-day MA of $113.54.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.26. Since that recommendation, shares of Microsoft Corp have risen 5.2%. 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