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Microsoft Corp (MSFT) Crosses Pivot Point Support at $73.47

By James Quinn

Microsoft Corp (NASDAQ:MSFT) has opened bearishly below the pivot of $74.11 today and has reached the first level of support at $73.47. Investors may be interested in a cross of the next downside pivot targets of $73.01 and $71.91.

In the past 52 weeks, shares of Microsoft Corp have traded between the current low of $0.00 and a high of $74.96 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

There is potential upside of 0.0% for shares of Microsoft Corp based on a current price of $0.00 and an average consensus analyst price target of $74.25. The stock should find initial resistance at its 200-day moving average (MA) of $50.70 and further resistance at its 50-day MA of $53.28.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on July 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.68. Since that recommendation, shares of Microsoft Corp have risen 3.2%. 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