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TMCNet:  Watch for Microsoft to Potentially Pullback After Gaining 1.19% Yesterday

[January 15, 2013]

Watch for Microsoft to Potentially Pullback After Gaining 1.19% Yesterday

Jan 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $26.83 to a high of $27.29. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $27.08 on volume of 48.0 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, Microsoft share prices have been bracketed by a low of $23.65 and a high of $32.95 and are now at $27.21, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

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 8.7%. 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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