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Microsoft Corp Set to Possibly Pullback After Yesterday's Rally of 2.13%

By Shiri Gupta

Microsoft Corp (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $114.71 to a high of $117.09. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $115.20 on volume of 23.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.06. Since that recommendation, shares of Microsoft Corp have risen 10.1%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Microsoft Corp have traded between a low of $83.83 and a high of $117.09 and are now at $117.03, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

Keywords: rebounders microsoft corp

Ticker(s): MSFT