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TMCNet:  Look for Shares of Microsoft to Potentially Rebound after Yesterday's 1.44% Sell Off

[January 31, 2013]

Look for Shares of Microsoft to Potentially Rebound after Yesterday's 1.44% Sell Off

Jan 31, 2013 (SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $27.40 to a high of $27.97. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $27.60 on volume of 50.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

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 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Microsoft share prices have moved between a 52-week high of $32.95 and a 52-week low of $23.65 and are now trading 16% above that low price at $27.47 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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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