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TMCNet:  Microsoft (MSFT) Breaks Through Resistance at $26.70

[November 19, 2012]

Microsoft (MSFT) Breaks Through Resistance at $26.70

Nov 19, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Microsoft (NASDAQ:MSFT) opened today above their pivot of $26.52 and have already reached the first level of resistance at $26.70. Analysts will be watching for a cross of the next upside pivot targets of $26.88 and $27.24.

There is potential upside of 32.6% for shares of Microsoft based on a current price of $26.69 and an average consensus analyst price target of $35.40. Microsoft shares should first meet resistance at the 50-day moving average (MA) of $29.96 and find additional resistance at the 200-day MA of $30.43.

In the past 52 weeks, Microsoft share prices have been bracketed by a low of $23.65 and a high of $32.95 and are now at $26.69, 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Microsoft on October 9th, 2012 by issuing a Downtrend alert when the shares were trading at $29.46. Since that call, shares of Microsoft have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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