Microsoft Update

Microsoft Update

MSFT is testing initial support this morning near the 2018 highs.  A hold here would be impressive considering how overbought the stock was at last week’s high, which marked a new all time high.  We are long and looking to add.  A dip down to the $113.50 area...
Microsoft Update

Microsoft Update

The 200 day moving average has proven to be a solid support zone for Microsoft during this recent wave of volatility.  The stock closed ever so slightly, as it did on Nov. 20th, below the 200D yesterday. $MSFT has not posted back to back closes below the 200 day...
Microsoft Rebounds

Microsoft Rebounds

Microsoft dipped down to major support yesterday near its 200 day moving average.  After four days of very heavy distribution the stock tested this key long term indicator for the first time since the summer of 2016.  $MSFT rebounded nicely into the close and is...
Microsoft

Microsoft

This would be a helluva hold for $MSFT.  Reached new all time highs in early October then took out the previous two monthly lows during the recent sell off.  That is a nasty reversal, one that has driven shares into deeply oversold territory.  Testing 200 day moving...
The Top Five

The Top Five

Great stuff from Michael Batnick:   “The five largest S&P 500 stocks have a market capitalization equal to the bottom 282 S&P 500 stocks.”