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Microsoft Corp (MSFT) Approaches New Downside Target of $133.67

By James Quinn

Shares of Microsoft Corp (NASDAQ:MSFT) opened today below their pivot of $137.47 and have already reached the first level of support at $136.13. Analysts will be watching for a cross of the next downside pivot targets of $133.67 and $129.87.

Microsoft Corp (NASDAQ:MSFT) defies analysts with a current price ($136.57) 19.3% above its average consensus price target of $110.23. The stock should find initial support at its 50-day moving average (MA) of $135.73 and further support at its 200-day MA of $118.30.

Microsoft Corp share prices have moved between a 52-week high of $141.68 and a 52-week low of $93.96 and are now trading 45% above that low price at $136.57 per share. The 200-day and 50-day moving averages have moved 0.36% higher and 0.64% higher over the past week, respectively.

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: pivot alerts microsoft corp

Ticker(s): MSFT