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Watch for Shares of Microsoft Corp (MSFT) to Approach Resistance at $111.08

By David Diaz

Shares of Microsoft Corp (NASDAQ:MSFT) have bullishly opened above the pivot of $106.35 today and have reached the first resistance level of $108.49. Analysts will be watching for a cross of the next upside pivot targets of $111.08 and $115.81.

Potential upside of 0.0% exists for Microsoft Corp, based on a current level of $0.00 and analysts' average consensus price target of $110.23. The stock should find initial resistance at its 200-day moving average (MA) of $99.37 and further resistance at its 50-day MA of $110.64.

Microsoft Corp share prices have moved between a 52-week high of $116.18 and the current low of $0.00 and are currently at $0.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Microsoft Corp and will alert subscribers who have MSFT in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts microsoft corp

Ticker(s): MSFT