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Microsoft Corp Falls 3.15% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Microsoft Corp (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $134.02 to a high of $136.92. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $135.00 on volume of 11.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Microsoft Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Microsoft Corp in search of a potential trend change.

In the past 52 weeks, shares of Microsoft Corp have traded between a low of $93.96 and a high of $141.68 and are now at $134.24, which is 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

Keywords: rebounders microsoft corp

Ticker(s): MSFT