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Shares of Microsoft Corp Rise to a New 52-Week High

By James Quinn

Microsoft Corp (NASDAQ:MSFT) traded today at a new 52-week high of $121.23. So far today approximately 797,000 shares have been exchanged, as compared to an average 30-day volume of 24.5 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.

In the past 52 weeks, Microsoft Corp share prices have been bracketed by a low of $87.08 and a high of $121.23 and are now at $121.21, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.5%.

Microsoft Corp (NASDAQ:MSFT) is currently priced 9.1% above its average consensus analyst price target of $110.23. The stock should find initial support at its 50-day moving average (MA) of $113.33 and further support at its 200-day MA of $108.63.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.06. Since that recommendation, shares of Microsoft Corp have risen 16.2%. 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