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TMCNet:  Watch for Shares of Microsoft (MSFT) to Approach Resistance at $27.95

[February 25, 2013]

Watch for Shares of Microsoft (MSFT) to Approach Resistance at $27.95

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Microsoft (NASDAQ:MSFT) have bullishly opened above the pivot of $27.67 today and have reached the first resistance level of $27.85. Should the shares continue to rise, the resistance pivots of $27.95 and $28.23 will be of interest.

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 $27.92, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

Microsoft has overhead space with shares priced $27.92, or 15.1% below the average consensus analyst price target of $32.90. The stock should hit resistance at its 200-day moving average (MA) of $28.96, as well as support at its 50-day MA of $27.35.

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 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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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