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Microsoft Corp (MSFT) Crosses Pivot Point Resistance at $101.59

By Shiri Gupta

Microsoft Corp (NASDAQ:MSFT) has opened bullishly above the pivot of $101.17 today and has reached the first level of resistance at $101.59. Investors may be interested in a cross of the next upside pivot targets of $101.87 and $102.57.

In the past 52 weeks, Microsoft Corp share prices have been bracketed by a current low of $0.00 and a high of $102.69 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

Microsoft Corp has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $110.23. Microsoft Corp shares should first meet resistance at the 200-day moving average (MA) of $87.52 and find additional resistance at the 50-day MA of $96.29.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.71. Since that recommendation, shares of Microsoft Corp have risen 5.9%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts microsoft corp

Ticker(s): MSFT