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TMCNet:  Microsoft Rises 1.69% on Heavy Volume: Watch For Potential Pullback

[January 23, 2013]

Microsoft Rises 1.69% on Heavy Volume: Watch For Potential Pullback

Jan 23, 2013 (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 $27.64. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $27.47 on volume of 49.4 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 $27.60, 17% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 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 7.8%. 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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