• Return to Headlines

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.

Over the past year, Microsoft Corp has traded in a range of $93.96 to $141.68 and is now at $134.24, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

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.

Keywords: rebounders microsoft corp

Ticker(s): MSFT