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After Yesterday's Decline of 2.00%, Microsoft Corp Offers Investors Better Value

By David Diaz

Microsoft Corp (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $176.54 to a high of $184.05. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $182.30 on volume of 22.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Microsoft Corphas traded in a range of $0.00 to $190.70 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

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: rebounders microsoft corp

Ticker(s): MSFT