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TMCNet:  SmarTrend Watching for Potential Rebound in Shares of Microsoft After 2.61% Loss

[November 07, 2012]

SmarTrend Watching for Potential Rebound in Shares of Microsoft After 2.61% Loss

Nov 07, 2012 (SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $29.05 to a high of $29.83. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $29.33 on volume of 57.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


Microsoft share prices have moved between a 52-week high of $32.95 and a 52-week low of $23.65 and are now trading 23% above that low price at $29.08 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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