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TMCNet:  Next Support Level for Microsoft (MSFT) is $26.32

[December 31, 2012]

Next Support Level for Microsoft (MSFT) is $26.32

Dec 31, 2012 (SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) has opened bearishly below the pivot of $26.67 today and has reached the first level of support at $26.43. Investors may be interested in a cross of the next downside pivot targets of $26.32 and $25.97.

Potential upside of 28.8% exists for Microsoft, based on a current level of $26.44 and analysts' average consensus price target of $34.06. The stock should find initial resistance at its 50-day moving average (MA) of $27.65 and further resistance at its 200-day MA of $29.77.

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 $26.44, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.4%.

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 9.9%. 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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