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TMCNet:  Look for Shares of Microsoft to Potentially Pullback after Yesterday's 2.78% Rise

[November 23, 2012]

Look for Shares of Microsoft to Potentially Pullback after Yesterday's 2.78% Rise

Nov 23, 2012 (SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $27.20 to a high of $27.77. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $27.17 on volume of 57.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


In the past 52 weeks, shares of Microsoft have traded between a low of $23.65 and a high of $32.95 and are now at $27.70, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.07% higher and 0.23% lower over the past week, respectively.

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 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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