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Microsoft Corp Set to Possibly Rebound After Yesterday's Selloff of 1.68%

By James Quinn

Microsoft Corp (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $148.32 to a high of $151.83. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $151.28 on volume of 10.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on September 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $139.57. Since that recommendation, shares of Microsoft Corp have risen 8.5%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Microsoft Corp share prices have moved between a 52-week high of $152.50 and a 52-week low of $93.96 and are now trading 61% above that low price at $151.07 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.7%.

Keywords: rebounders microsoft corp

Ticker(s): MSFT